Paul Hartmann AG (DB:PHH2) agreed to acquire Lindor Product Portfolio from The Procter & Gamble Company (NYSE:PG) on March 2, 2017. As of June 30, 2016, Lindor had sales of over €75 million. The transaction is subject to local antitrust authorities. The transaction is expected to close by the end of the second quarter of 2017. Tobias Schneider, John Hammond, Christina Lung, Gerald Gräfe, Christian Haellmigk and Martin Mohr of CMS Hasche Sigle, Luis Miguel de Dios, Elana Alcazar, Beatriz Durán, Elena Esparza, Blanca Cortés and Patricia Liñán of CMS Albiñana & Suárez de Lezo, S.L.P and Francisco Xavier de Almeida of CMS Rui Pena & Arnaut acted as legal advisors to Paul Hartmann AG. Benjamin Grossman of Jones Day acted as the legal advisor for The Procter & Gamble Company.

Paul Hartmann AG (DB:PHH2) completed the acquisition of Lindor Product Portfolio from The Procter & Gamble Company (NYSE:PG) on July 1, 2017.