Chipita gets acquired by US giant Mondelez

Chicago-headquartered confectionery, food, and beverage company Mondelez International on Wednesday (May 26) announced an agreement for the acquisition of Athens-founded Chipita S.A., a leader in the bakery product and snack sector in central and eastern Europe, for around $2 billion. Chipita was established in Greece in 1973. It has been operating outside Greece since 1996 by setting up production plants in Bulgaria, followed by Poland, Romania,