ABC AdvisesUpfield on part of its €6.825 billion acquisition of the Unilever’s spreads business in Tanzania
ABC Attorneys is advising Upfield, a company backed by a leading global investment firm KKR on its part of the €6.825 billion acquisition of the Unilever’s spreads business in Tanzania, including brands such as Flora. FTSE-100 consumer goods group Unilever announced plans to sell its spreads business in April 2017. It shortlisted buyers in the auction earlier this year before selecting KKR as the preferred bidder in December.
ABC Attorneys alongside a team from Dentons have been advising on the purchase. The ABC Attorneys team is being led by Sunday Ndamugoba a partner in ABCs’ Corporate team in Dar es salaam, plus a full range of specialist legal departments at ABC Attorneys.