Vasil Kisil & Partners has advised Mondelez International on buy-out of 1,975 minority shareholders from Mondelez Ukraine PrJSC credited to the securities account of controlling shareholder Kraft Foods Entity Holdings B.V.
According to VKP, the squeeze-out procedure was necessary to improve the effectiveness of Kraft Foods Entity Holdings' governance.
Mondelez Ukraine is part of Mondelez International group of companies, which produce chocolate products, cookies, candies, and chewing gum. Kraft Foods Entity Holdings operates as a subsidiary of Mondelez International. The company's Ukrainian assets also include the Trostianets Confectionery Factory in the Sumy Region and the Chips Lux subsidiary in the Kyiv Region. The company produces and sells products under such trademarks as Korona, Milka, Barni, TUC, Belvita, Lux, Halls, Dirol, and Picnic.
The VKP team consisted of Partner Alexander Borodkin and Associate Taisiia Asadchykh.
