22 December 2022
- Robert Crothers, Dominic Ross, Joel Ziff, Vanessa Marsland, Chinwe Odimba-Chapman, Nicola Hemsley, Greg Olsen, Sue Hinchliffe, Timothy Cornell, Sonia Gilbert, Gilles Lebreton, Harriet Martin
Clifford Chance advises Mondelēz International on the US$1.350 Billion sale of its developed-market gum business in United States, Canada and Europe to Perfetti Van Melle Group
Leading International law firm Clifford Chance has advised Mondelēz International on its definitive agreements to sell its developed-market gum business in the United States, Canada and Europe to leading European gum and confectionery maker Perfetti Van Melle Group for a headline purchase price of US$1.350 billion.
The strategic deal advances the portfolio reshaping strategy of Mondelēz International which will enable greater focus on growth and reinvestment in its core chocolate, biscuit and baked snacks categories.
The Clifford Chance team was led by Corporate Partners Robert Crothers and Dominic Ross, with cross-practice support from Partners Joel Ziff, Vanessa Marsland, Chinwe Odimba-Chapman, Nicola Hemsley, Greg Olsen, Sue Hinchliffe, Tim Cornell, Sonia Gilbert and Gilles Lebreton.
Robert Crothers commented: "We are delighted to have advised our longstanding client Mondelēz International on this strategically important transaction. This transaction further demonstrates our firm's deep cross-border and multi-practice expertise advising the largest corporates on their complex cross-border M&A."