Announced
Completed
Financials
Tags
snacks
Food Products
Greece
confectionery
biscuits
Acquisition
Private
fruit snacks
Friendly
Majority
Single Bidder
Cross Border
Private Equity
Completed
Synopsis
Mondelez International, an American multinational confectionery and food holding company, completed the acquisition of Chipita, a Greek food company, from The Olayan Group, an international investor, strategic partner, and operator in selected sectors, for c. $2bn. “Chipita, for more than 40 years, based on quality and innovation created a new category of snacks loved by consumers internationally. I am certain that the acquisition of Chipita by Mondelēz International, one of the world’s leading snacking companies, will create new prospects for its people and products," Spyros Theodoropoulos, Chipita CEO.
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