Pestalozzi advises Johnson & Johnson's Swiss based Cilag International on its EUR 90 million sale of its UK, Ireland and Belgium Benecol business to Raisio Group
Effective on 19 November 2014, Raisio Group acquired the Benecol business in the UK, Ireland and Belgium from Cilag GmbH International and amended its agreement concerning North American rights to Benecol with McNeil-PPC, Inc. Both Cilag GmbH International and McNeil-PPC, Inc. are part of the Johnson & Johnson Family of Companies. The purchase price for the business and stocks totaled EUR 88.4 million, which was paid as the object of the deal transferred to Raisio. Pestalozzi advised Cilag GmbH International on all Swiss legal and tax aspects of the transaction.