Harneys advises Mondelēz International following US$2 billion acquisition of Chipita S.A.

Harneys recently advised Mondelēz International in relation to the Cyprus subsidiaries of the Chipita Group and on the integration steps following the acquisition of Chipita S.A, with a deal value of US$2 billion.

Mondelēz International is a global snack company headquartered in Chicago, Illinois. Chipita S.A. is a high-growth key player in the Central and Eastern European croissants and baked snacks category, which cultivates its products in 13 factories and distributes to more than 50 countries.

The Harneys team was led by Partner George Apostolou with support from Counsel Valentina Hadjisoteriou, and Associate Iphigenia Georgiou. George commented: “We wish to congratulate Mondelēz International on their successful acquisition of Chipita S.A. and we are pleased that we had the opportunity to support them during this process. This deal showcases the benefits of using a Cyprus structure during cross-border financings deals and further highlights the strength of our Corporate team.“

The Corporate team at Harneys regularly advises on complex cross-border transactions including IPOs and disposals involving British Virgin Islands, Cayman Islands, Luxembourg and Cyprus corporate vehicles. The firm’s significant track record includes advising on high profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures.