February 22, 2021 – Dentons has advised Penta Investment Group on the sale of the Mecom Group of meat processing companies in Slovakia and Hungary, which includes the largest Slovak meat processing plant in Humenné. Mecom employs more than 1,400 people and its annual turnover exceeds €130 million. The buyer is the American company Smithfield Foods, one of the world leaders in the meat industry. Both parties have agreed that the transaction amount will not be disclosed and its completion is subject to the consent of the appropriate regulatory authorities in Slovakia and Hungary. By signing a purchase agreement with Smithfield Foods, Carnibona Holdings, which belongs to the Penta group, successfully completed a tender in which multiple strategic investors competed to purchase the business.

Partner Juraj Gyárfáš (Bratislava) led the cross-border Dentons team supported by Senior Associate Tatiana Jevčáková (Bratislava). Partner Jan Procházka (Prague) and Associate Kristýna Nosková (Prague) provided advice on Czech law, and Associate András Peisch (Budapest) and Junior Associate Nándor Beck (Budapest) provided advice on Hungarian law.

About Dentons

Dentons is the world’s largest law firm, connecting talent to the world’s challenges and opportunities in more than 75 countries. Dentons’ legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons’ polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com