Kecskeméti Konzerv Kft., which was founded in 2005, employs around 250 people and has a turnover of HUF 22 billion, has been sold to Agrár-Finance Kft. (a subsidiary of Gránit Group) following the signing of a share purchase agreement with the company's previous owners.
Agrár-Finance Kft. will buy one of the largest Hungarian canning companies from Mahnke Group (Germany) and five Hungarian private individuals. The current management will retain a minority share in the company, and the transaction will further increase the proportion of Hungarian ownership in the strategically important food and canning industry, the press release notes.
The Wolf Theiss team advising on the transaction was led by János Tóth (partner, corporate/M&A) and Zoltán Bódog (senior associate, corporate/M&A).
Wolf Theiss was tasked with advising on all Hungarian legal and regulatory aspects of the transaction, particularly structuring of the transaction, as well as drafting and negotiating all required transaction documents.
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