Unilever sells AdeS for US$ 575 million

Leading global law firm, Baker & McKenzie, has advised longstanding client, Unilever, on the sale of Unilever’s AdeS soy beverage business in Latin America to Coca Cola FEMSA and The Coca Cola Company for an aggregate amount of US$ 575 million. The transaction was announced on 1 June and marks a further step in refining Unilever’s portfolio.  The transaction is subject to satisfaction of regulatory approvals and customary closing conditions.

The AdeS brand is currently present in Brazil, Argentina, Mexico, Colombia, Uruguay, Paraguay, Bolivia and Chile, and is a leading soy drinks brand in the region.

London-based Corporate partner, Tim Gee, said: “We’re delighted to have partnered with Unilever on another important transaction, which was led by David Scott out of our London team and involved multiple offices.”

The Baker & McKenzie team in London also included Partners Samantha Mobley (Competition), Michelle Blunt (IP) and Duncan Reid-Thomas (Commercial Contracts), together with Senior Associate David Scott (Corporate) and Associate Josephine Hopkins (Corporate).

Baker & McKenzie offices in New York, Sao Paulo, Buenos Aires, Mexico City and Bogota were also involved, among others

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