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Mallesons acts on souped up deal

Mallesons acts on souped up deal

Mallesons Stephen Jaques has acted for Campbell Soup, the world's largest soup company, which has entered into an agreement with Swire Pacific, one of Hong Kong's leading listed companies, to…

Mallesons Stephen Jaques has acted for Campbell Soup, the world's largest soup company, which has entered into an agreement with Swire Pacific, one of Hong Kong's leading listed companies, to form a joint venture in China to develop the growing soup market in Mainland China.

Named Campbell Swire, the joint venture will be responsible for manufacturing, packaging, branding, marketing and distributing soup, broth and stock products in China and will commence operations in early 2011.

Swire Pacific will own a 40 per cent stake while Campbell will have 60 per cent ownership.

The transaction was led by partner Stuart Valentine who was assisted by Adam Teare and a team of lawyers in Mallesons' Hong Kong and Shanghai offices.

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