Dechert advised PepsiCo, Inc, via its subsidiary Wimm-Bill-Dann Foods, on its sale of five dairy farms in Russia (Atamanskoye, Niva, Trud, Plemzavod Za mir i trud, and Zavety Ilicha). The farms are engaged in the production of milk, winter wheat, barley, seeds, beets, and forage. The farms also own more than 12,000 head of cattle, which provide about 38,000 tonnes of milk per year. PepsiCo plans to continue purchasing raw materials from these farms.
The farms, which are located in the Krasnodar and Leningrad regions of Russia, were acquired by Pepsi in 2011 as part of its US$3.8 billion acquisition of Wimm-Bill-Dann Foods, on which Dechert also advised.
The Dechert team advising PepsiCo on this matter was led by Head of Russian Practice Laura Brank, assisted by Moscow counsel Olga Watson.
