EUR 56 Million Investment in a New Malt Plant in Pleven

June 2023 The French company Malteries Soufflet Bulgarie has started the construction of a new malt plant in the city of Pleven. The investment amounts EUR 56 million and aims to double the company's production capacity to 60,000 t of malt per year.

Alarko to Invest USD 650 Million in Agriculture and Food Sector

May 2023 Alarko Holding, one of the biggest players in contracting, energy, industry, tourism, land development and venture capital market sectors in Turkey, announced that it plans to invest USD 650 million in agriculture and food projects. Accordingly, as part of its 2030 targets, the company decided to invest in the agriculture and food sector focusing primarily on assisted greenhouse cultivation, open field agriculture, organomineral fertilization, food processing and sales as well as agricultural R&D technology. Alarko Holding aims to employ 4000 people with an investment of USD 650…

BOYANOV & Co. Advises Banks on Financing of Hellenic Dairies Group’s Acquisition of United Milk Company

April 2023 BOYANOV & Co. advised Eurobank S.A. and Alpha Bank S.A., acting directly and through their subsidiaries, on the Bulgarian law aspects of financing the acquisition by Tyrbul, the Bulgarian subsidiary of Hellenic Dairies S.A., of United Milk Company, a leading Bulgarian dairy, which produces and markets a variety of milk products under a number of brand names. Hellenic Dairies S.A. is a family business of 3rd generation that operates in the dairy sector in Greece and 47 foreign countries. BOYANOV & Co.’s team was led by our partner Damian Simeonov, Head of the Banking and…

NNDKP Successfully Assisted Grupo Bimbo with the Acquisition of Vel Pitar

March 2023 NNDKP confirms that Grupo Bimbo has included Romania in its global growth strategy and has completed the acquisition of Vel Pitar as a nation-wide development platform. NNDKP acted as local legal counsel for Grupo Bimbo, advising on all aspects of the acquisition of Vel Pitar, from transaction structuring to negotiation and completion. NNDKP assigned a multidisciplinary team specializing in agribusiness and food M&A (as well as day-to-day) assistance to advise on the transaction. The team was coordinated by Adriana I. Gaspar (Senior Partner), and included Corina Dumitru (Partner), George…

SunPro Invests EUR 20 Million in New Production Facility in Southeast Romania

February 2023 Swiss company SunPro, which owns a sunflower oil production facility in Ukraine (Odessa), has announced a EUR 20 million investment in Southeast Romania (Galati) in a production unit which will be built in the Free Zone and will create 200 new jobs. The investment should start this year and is expected to be completed next year.

Zarea Wants to Apply for State Aid for a New Plant

January 2023 The producer of Zarea, Dorato and Amarol alcoholic beverages, part of the German group Schloss Wachenheim, is preparing to apply for state aid for the construction of a new plant in Mizil, an over EUR 20 million investment. For this purpose, the company is to conclude a transfer agreement for an area of land of about 25,000 square meters in Mizil Industrial Park.

Exit of Mid Europa Partners from Dairy Producer IMLEK

Following the sale of confectionery business to Coca-Cola HBC and water business to Matoni-PepsiCo, Mid Europa Partners is to exit from the dairy producer IMLEK.

PepsiCo Invests USD 100 Million in Star Foods Potato Chip Plant Near Bucharest

September 2022 PepsiCo, one of the biggest players on the soft drinks and snacks market, has announced a USD 100 million investment in three operational production lines and a new automated warehouse, automation capabilities and a new master plan at its plant in Popești-Leordeni. The investment would be finalized by 2024 and would result in the doubling of production capacity.

BOYANOV & Co. Advised Mondelez International on the Acquisition of Chipita S.A.

August 2022 After successfully advising Mondelez International (Nasdaq: MDLZ) on all Bulgarian law aspects in the acquisition of the Greek snacking company Chipita S.A. (for approximately USD 2 billion), since the beginning of this year, BOYANOV & Co. has advised Mondelēz International, Inc. on the Bulgarian legal aspects of the formal integration of the Chipita S.A.’s business in Bulgaria. It was completed at the beginning of July 2022 (press release is available here). The process was complex and involved the transfer of shares, in-kind contributions, and sales of parts of the going…

Lantmannen Unibake Romania Plans to Invest EUR 100 million in a New Plant

July 2022 Lantmannen Unibake Romania, one of the biggest players in the local bread-making market, which makes hamburger and hot-dog buns for restaurant giant McDonald’s, plans to invest EUR 100 million in a new production unit in Ilfov County.  

Water Bottling Company Costella for Sale

June 2022 The Swiss company Agrokor, which is in liquidation, is selling the Costella natural mineral water bottling company along with its water bottling plant near the town of Kostel in southern Slovenia. The company’s most asset is the concession for water extraction of 250 million liters of water per year from the primeval forest. The concession is valid until 2035 and can be extended. For the company to be able to extract so much water, additional investment in production would be required. The company currently employs only eight employees and extracts 12 million liters a year. In 2020,…

Regional Food Centre, Sarajevo

April 2022 The construction of a regional food center is a project whose idea is to elevate agriculture as a sector of the economy to a much higher and more organised level, with modernization and all the necessary content in one place. It is located in the city of Sarajevo, and the realization is already underway with the designated land for facilities and all necessary documentation. The project is being implemented by “KGI Konstrukt” d.o.o. Sarajevo, is one of the leading financial engineering and construction companies in Bosnia and Herzegovina. The company was founded in 2003 and continues…