SDIC Zhonglu Fruit Juice’s acquisition of the Polish juice producer Appol Group


Linklaters has advised SDIC Zhonglu Fruit Juice on the acquisition of the Polish juice producer Appol Group from its Polish shareholders, marking SDIC’s first investment in the Polish FMCG sector.

SDIC Zhonglu Fruit Juice is a company listed on the Shanghai Stock Exchange forming part of the Chinese SDIC State Development & Investment Corporation, the largest Chinese state-owned investment holding company.

Founded in 1994, Appol is the leading independent apple juice manufacturer in Poland and the leading Polish NFC apple juice manufacturer. Appol has three manufacturing plants, which are all located in the core apple planting areas of Poland, with a total production of 18,500 MT fruit juice concentrates and 16,500 MT NFC juices in 2016. Appol supplies juice products predominantly to EU countries.

The acquisition is considered significant for SDIC Zhonglu Fruit Juice, marking a key step in the company’s development on the European markets.

The transaction is subject to several conditions precedent with completion expected in 1H 2018.

The Linklaters Warsaw and Beijing teams provided comprehensive legal advice and support to SDIC Zhonglu Fruit Juice, covering all legal aspects of the deal with a team led by Tomasz Zorawski (partner, corporate, in picture) and Klaudia Królak (managing associate, corporate) and supported by Magdalena Szewczyk (associate, corporate), Maciej Ficinski (junior associate, corporate).

Involved fees earner: Tomasz Zorawski – Linklaters; Klaudia Królak – Linklaters; Magdalena Szewczyk – Linklaters; Maciej Fici?ski – Linklaters;

Law Firms: Linklaters;

Clients: SDIC Zhonglu Fruit Juice Co., Ltd.;