Paine Stevens is advising on the sale of the Oltan Group to Ferrero.
Paine Stevens is advising as international counsel on the proposed sale of the family-owned Oltan group of companies, the Turkish market leader in the purchase, processing and marketing of hazelnuts, to the Ferrero Group. The Oltan Group consists of companies in Turkey, the United Kingdom and France. On 16 July 2014 Ferrero announced that it had entered into agreements to acquire 100% of the shares in the Oltan Group. The transaction, which is expected to complete on or before 30 January 2015, is conditional upon competition approvals.Paine Stevens is working as a team with Hamle Law Offices, advising on Turkish law, and Artus Wise, advising on French law.