Mondelez International will buy European snack maker Chipita SA for about $ 2 billion, Bloomberg reports. The European company produces in 13 factories, and its goods are delivered to over 50 countries.
The financing of the deal will happen with a combination of new debt and available finances. The purchase is expected to contribute to profit growth. The acquisition expands Mondelez’s presence in the packaged snack market, whose demand increased during the pandemic.
The company will “significantly increase” its presence in Central and Eastern Europe. Earlier it became clear that it will acquire the British manufacturer of protein bars Grenade.
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