Chipita: And with the MP at Mondelez International

By George Lampiris

The final signatures are coming today, which formally bring Chipita in the hands of Mondelez International, while the relevant announcements on this issue are expected later in the day. At the same table will be the current shareholders and of course the businessman, Spyros Theodoropoulos, who will continue for some time to be present in the affairs of Chipita as a member of the board, after its split in Chipita Global and Chipita Foods, where in In the first case, all assets acquired by Mondelez are transferred to that company. The second company, Chipita Foods, transfers all the assets not acquired by Mondelez, including the Nikas meat industry and the participation in the joint venture with Brittania Industries in India, where it was left out of the agreement due to the fact that the American multinational already has a subsidiary in India. It is noted that Mr. Theodoropoulos participates in both companies as a member of the board of directors, while the company that split, ie Chipita SA has already been deleted after the creation of the two new business entities.

Chipita Global is Mondelez’s company

Chipita Global, which will now be owned by Mondelez International, has a share capital of 940.55 million euros.

It will own all of Chipita’s real estate assets. In addition, it will retain all rights, including intellectual property and confidential information about the territory of countries other than Southeast Asia without restrictions on them. In addition, all the shares that belonged to Chipita SA are transferred to this company, with the exception of those that are transferred to Chipita Foods. In addition, all Chipita equipment and facilities as well as the company’s stocks are transferred.
In discussions for a new acquisition of a stake in food

With the arrangement of the transfer of the company to Mondelez and formally, the way is opened for new investment movements on the part of Spyros Theodoropoulos, who is already discussing his next business step. According to information, it is considered particularly probable to proceed with the acquisition of a company with an object related to that of the Nikas meat industry, in order to expand its presence in the specific sector.

As for MEVGAL, where he has already acquired a stake in the Macedonian dairy industry last summer, he has currently visited the company, maintaining a mainly consulting role in it, as the management is exercised entirely by the Hatzakou family.

The entrepreneur’s investment steps also record the activity in the tomato sector through Wonderplant, where an investment of a total amount of 30 million euros is implemented to add an additional 70 acres of hydroponic glass fence greenhouse cultivation and activate the investment from the summer of 2022. Thedo Malista the has investigated the possibility of creating greenhouse cultivation facilities through hydroponics in the region of Western Macedonia, which is in the process of de-ligation of PPC areas and consequently the allocation of about 30,000 acres of agricultural land to interested companies in the primary sector.