Global law firm Squire, Sanders & Dempsey L.L.P. assembled a multinational team to advise Tokyo-based Lotte Group on its acquisition of E. Wedel brand chocolate and sugar confectionary operations in Warsaw.
The sale stemmed from Kraft Foods Inc.’s historic acquisition of Cadbury Corporation in early 2010. European Union competition rules required Kraft to sell its Poland-based E. Wedel operations. The sale is subject to approval by the European Commission. The transaction value was not disclosed; the sale affects approximately 1,000 employees who will transfer to the Lotte Group from Cadbury Wedel.
“This transaction required extensive on-the-ground support from our offices in Brussels, London, Tokyo and Warsaw, which was necessary to efficiently guide our client through a high-stakes transaction,” said partner Saburo Nakao, Squire Sanders transaction team leader. “Our client intends to substantially increase its share of the global confectionary market. This transaction is a major step toward that goal.”
The transaction team included Nakao, a corporate partner based in Tokyo and London, associate Manmohan S. Panesar (London), partner Peter Swiecicki (Warsaw), European partner Malgorzata Grzelak (Warsaw), senior associate Marcin S. Wnukowski (Warsaw), partner Stephen E. Chelberg (Tokyo), associate Kate E. Kim (Tokyo), associate Kohei Murakawa (Tokyo) and senior associate Oliver H. Geiss (Brussels/Frankfurt).
About Squire Sanders: Founded in 1890, Squire, Sanders & Dempsey L.L.P. has lawyers in 32 offices and 15 countries around the world. With one of the strongest integrated global platforms and a longstanding one-firm philosophy, Squire Sanders provides seamless legal counsel worldwide.
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