Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised Nestlé, the world’s leading nutrition, health and wellness company, as a local counsel for Adriatic region, on its 50/50 joint venture with R&R Ice Cream, a leading ice cream company based in the UK.
Following the successful conclusion of the required regulatory clearances, Nestlé and R&R have completed the transaction to create Froneri, a new joint venture in ice cream, frozen food and chilled dairy. Nestlé and private equity firm PAI Partners, R&R’s owner, have equal equity interests in the joint venture. With sales of around 2.6 billion Euro, Froneri will operate in 22 countries across the world, employing around 15,000 people. As announced in April, the company will be headquartered in the UK and will have sites primarily in Europe, the Middle East, (excluding Israel), Argentina, Australia, Brazil, the Philippines and South Africa.
Globally, Nestlé was advised by Linklaters. The Živković Samardžić team successfully advising Nestlé on the Adriatic region aspects of transaction was led by Ksenija Golubović Filipović, partner and Igor Živkovski, senior associate.
“I would like to thank Verica Božić Aljinović, Head of Legal Affairs for Nestlé Adriatic Region and everyone at Adriatic Market legal team,” said Branislav Živković, Živković Samardžić managing partner. “Cooperating with both Nestlé Adriatic and the Linklaters teams on this transaction was a remarkable experience.”