Kelemenis & Co. advises food market leader on investment in Bulgaria

The firm has been retained by the Soya Mills Group, a Greece-based leader in the southeast European market of grains, oil seeds and oil seed products, to advise the Group on its first major investment in Bulgaria. The Group is set to form, together with local partners, a joint venture, which shall undertake trading in grains and oil seed products both in Bulgaria and in the wider region of southeast Europe. The joint venture shall also proceed to the construction of warehouse facilities. It is estimated that in its opening stages the investment shall amount to about €5,000,000. The firm has drafted joint venture contracts and the relevant articles of association and has advised the Group in structuring its presence in the local market.