We are pleased to have acted as Nigerian legal counsel to global confectionery manufacturer, Mars, Incorporated (Mars), in complying with the merger control provisions of the Federal Competition and Consumer Protection Act (FCCPA) and securing an unconditional merger approval from the Federal Competition and Consumer Protection Commission (FCCPC), in respect of its $35.9 billion acquisition of Kellanova (formerly Kellogg Company). As Nigerian legal counsel, we provided Mars with legal advice on both procedural and substantive competition law aspects of the merger and successfully notified the transaction to the FCCPC.
The deal marks a significant milestone in the global food and snacking industry, reinforcing Mars’ commitment to expansion and innovation in key product and geographic markets.
The Streamsowers & Köhn team included Chiagozie Hilary-Nwokonko, Senior Partner; Chukwuyere Izuogu, Partner; and Naomi Kabowei, Priscilla Ben-Okoh, Charles Anorondu, and Cynthia Kanu, Associates, all members of the firm’s Competition Law Practice Group. The Streamsowers & Köhn team worked alongside Bowmans and Skadden, Arps, Slate, Meagher & Flom LLP on this transaction.
Since the enactment of the FCCPA in 2019, Streamsowers & Köhn has consistently maintained a 100% success rate in securing unconditional approval for every qualifying merger notified to the FCCPC on behalf of its clients.