Akin Gump Advises Fortenova in €615 Million Sale of Frozen Food Business to Nomad Foods
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(London) – Akin Gump is advising Croatian conglomerate Fortenova Grupa d.d., on the €615 million sale of its frozen food business, the Frozen Food Business Group, to Nomad Foods, owner of Birds Eye and Findus, among others. Completion is anticipated in Q3 2021.
Brands in the Fortenova Group’s frozen food business include Ledo, Ledo Čitluk and Frikom, household names in Croatia, Serbia, Bosnia & Herzegovina and other countries in southeastern Europe. The Frozen Food Business Group is the market leader in these regions, where it operates across numerous categories, including fish, fruits, vegetables, ready meals, pastries and ice cream.
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The Akin Gump team advising Fortenova is led by corporate partner Sebastian Rice and includes corporate senior counsel Tony Barnes, corporate counsel Rebecca Carwood Barron, corporate associate Alla Barford, corporate trainee Lidia Grasu, competition counsel Scott Pettifor and tax counsel Matthew Durward-Thomas. International trade partner Jasper Helder also advised in relation to sanctions issues.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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