The Kraft Heinz Company (NasdaqGS:KHC) reached an agreement to acquire Assan Foods from Kibar Holding A.S. and others for approximately $100 million on June 11, 2021. As part of consideration, Kraft Heinz agreed to pay approximately $70 million cash and agreed to assume $30 million debt of Assan Foods. The deal is subject to customary closing conditions including merger control approval, and is expected to be completed in the second half of 2021. Duygu Turgut of Baker McKenzie acted as legal advisor to The Kraft Heinz Company.

The Kraft Heinz Company (NasdaqGS:KHC) completed the acquisition of Assan Foods from Kibar Holding A.S. and others on October 4, 2021. Duygu Turgut of Baker McKenzie acted as legal advisor to The Kraft Heinz Company.