Clifford Chance, Al-Jadaan advise snack giant Mondelez International on its expansion in Saudi Arabia
- Saudi Arabia: Tuesday, January 15 - 2013 at 09:10
- PRESS RELEASE
Clifford Chance and Al-Jadaan and Partners Law Firm advised Mondelez International on a joint venture with Olayan Group and Khalifa Algosaibi Group to launch a distribution joint venture in the Kingdom of Saudi Arabia.
The joint venture company with the Olayan Group and Khalifa Algosaibi Group, which will be called Mondelez Arabia For Trading LLC, will manage Mondelez International's sales and distribution operations in the Kingdom of Saudi Arabia. The creation of the joint venture will assist with the acceleration of growth for Mondelez International in Saudi Arabia and will also enable it to offer a broader range of its snack brands across the Kingdom.
Clifford Chance M&A partner Mohammed Al-Shukairy comments, "We have a strong relationship with Mondelez International globally and are pleased to have been able to help expand its operations in Saudi Arabia, through this important venture, where we can provide deep local expertise as well as a global perspective through our long standing cooperation with leading Saudi firm Al-Jadaan. This transaction further illustrates the increased level of M&A activity we are seeing in the consumer goods & retail sector in the region, where we continue to advise local and global brands."
The Clifford Chance team was led by Mohammed Al-Shukairy (Partner) and supported by Mohammad Al-Rasheed (Senior Associate). The Al-Jadaan team was led by Khalid Al Abdulkareem (Partner) and supported by Majid Al-Sheikh (Associate).
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