Cases & Deals

Nissin Food acquires 33.5% stake in Russia's Angleside

Client(s) Nissin Food Products Co., Ltd.

Jones Day represented Nissin Foods Holdings Co., Ltd. in connection with the acquisition of a roughly 15% stake in Angleside Ltd, the holding company of Mareven Food Central, the leading instant noodle manufacturer in Russia, for approximately ¥9 billion ($100 million). Nissin has the right to acquire an additional stake in Angleside to bring its total shareholding to 33.5%, with a total investment of ¥27 billion ($300 million).