Bernitsas has advised Delta Foods SMSA on the sale of its wholly owned Bulgarian subsidiary United Milk Company EAD to Tyrbul EAD.
The completion of the transaction is still pending regulatory approval.
Delta Foods SMSA is a member of the Vivartia Group and produces and distributes dairy products and fresh fruit juices.
Tyrbul is a wholly owned subsidiary of Hellenic Dairies SA, a Greek dairy company.
Bernitsas team included Partner Nikos Papachristopoulos and Senior Associate Sofia Kontou.
Bernitsas did not respond to our inquiry on the matter.
Editor’s Note: After this article was published, Deloitte Legal informed CEE Legal Matters that it had advised Hellenic Dairies – through its Bulgarian subsidiary Tyrbul EAD – on the acquisition of the United Milk Company.
According to Deloitte Legal, “Hellenic Dairies is a multinational holding performing activities related to milk and dairy products production and distribution, owning several production plants in Greece and the Balkans, and commercial subsidiaries abroad ... United Milk Company EAD is one of the largest milk and dairies production companies in Bulgaria. UMC has 50 years of milk processing experience. They produce a wide range of products from cow, sheep, and goat milk.”
The firm’s team included Country Legal Leader Zvezdelina Filova, Legal Managers Miglena Micheva and Kaloyan Yordanov, and Associates Kristian Nemtsov and Georgi Stefanov.
On March 23, 2023, Tabakov, Tabakova and Partners announced it had advised the seller in Bulgaria. The firm's team included Partner Todor Tabakov and Senior Associate Vasil Ruykov.