Kyriakides Georgopoulos has advised Danone SA and Numil Hellas SA on their corporate restructuring, with Numil Hellas absorbing Danone's business in Greece.
Danone is an American-French multinational food-products corporation based in Paris. It was founded in New York and Barcelona and is listed on Euronext Paris. Numil Hellas is a baby food product company located in Greece, Spain, and Turkey. Both Danone SA and Numil Hellas SA are Danone Group subsidiaries.
According to KG, “the merger was completed on May 5, giving effect to the implementation of the group’s strategic business planning by resulting in significant benefits of synergy, economies of scale, as well as optimization and expansion of activities.”
KG’s team included Partners Irene Kyriakides, Panagiotis Pothos, and Ioanna Kyriazi and Senior Associates Ioanna Barmpa and Efthymia Pragianni.
Kyriakides Georgopoulos could not provide further information on the deal.