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22 February 2018

Stehlin & Associés advises Artal on its sale of 100% of Mankattan group in China to the Mexican Grupo Bimbo group

Stehlin & Associés has advised Artal on the sale of 100% of Mankattan Group to Grupo Bimbo, the world’s largest industrial baking company.

Mankattan Group in number 2 of the bakery sector in China and employs around 1,900 people and operates four plants in Beijing, Shanghai, Sichuan and Guangdong.

This transaction is strategic for the development in China of Grupo Bimbo, a Mexican group listed on the Mexican stock exchange (BVM).

Grupo Bimbo is the world’s largest industrial baking company with 195 factories and more than 1,800 sales centers strategically located in 32 countries on four continents: America, Europe, Asia and Africa.

The acquisition is still subject to the satisfaction of the Chinese administrative authorities.