Orkla acquires majority in Greek listed F&B market leader “KANAKIS”

Orkla acquires majority in Greek listed F&B market leader “KANAKIS”

Zepos & Yannopoulos acted for Norwegian ORKLA SA in the purchase of 65% of S.KANAKIS SA from the controlling family advising on the structure of the transaction, the share purchase and the shareholders’ agreement. KANAKIS is listed on the Athens Exchange and is a market leader in the sale and distribution of confectionery, bakery and ice cream ingredients in Greece. 

Zepos & Yannopoulos acts as legal advisor to ORKLA SA in the voluntary tender offer for the total of shares in KANAKIS.

The team was led by Athina Skolarikou, partner, on the M&A side and Elena Papachristou, partner, on the capital markets side.