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14 January 2011

Sayenko Kharenko advised on obtaining merger clearance for the acquisition of Cadbury Plc by Kraft Foods Inc

Sayenko Kharenko antitrust team has provided legal assistance in merger clearance with the Antimonopoly Committee of Ukraine (the "AMC") for USD 18.9 billion acquisition of Cadbury Plc ("Cadbury") by Kraft Foods Inc. (“Kraft Foods”).

The transaction was named M&A deal of the year by Mergermarket European M&A Awards 2011.

The combined companies became the world leader in chocolate and sweets, Kraft said, and No. 2 globally in the high-growth gum market.

Kraft Foods – is the world's second largest food company, making delicious products for billions of consumers in approximately 170 countries. The portfolio includes 11 iconic brands with revenues exceeding $1 billion.

Cadbury Plc – is a British confectionery company, the industry's second-largest globally after the combined Mars-Wrigley.

After examining the proposed transaction, the AMC has concluded that its implementation poses no threat to competition nor significantly limits competition on any product market in Ukraine.

Sayenko Kharenko competition team for the current transaction included counsel Dmitry Taranyk and associate Maksym Nazarenko, led by partner Vladimir Sayenko.

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