Mondelez International completed the acquisition of Chipita from The Olayan Group for c. $2bn.

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.