UAC of Nigeria Plc has announced that it has entered into an agreement to acquire Chivita|Hollandia (CHI Limited) from The Coca-Cola Company.
Fasken Martineau LLP and Templars served as legal advisors to UAC. Citi served as exclusive financial advisor to The Coca-Cola Company, with McDermott Will & Emery acting as legal advisor.
Chivita|Hollandia (CHI Limited) is a leading food and beverage player in Nigeria, with a portfolio across value-added dairy products, juices, nectars, still drinks, and snacks. The Hollandia brand is the market leader in evaporated milk and drinking yoghurt, while the Chivita brand is the market leader in fruit juice.