Mondelēz set to acquire bakery and snacks player Chipita 27 May 2021 --- Mondelēz International is entering an agreement to acquire Chipita, which is pegged as a high-growth key player in the Central and Eastern European croissants and baked snacks category. Mondelēz expects the transaction to be immediately accretive to earnings per share from closing. It is subject to relevant antitrust approvals and closing conditions. Mondelēz plans to fund the purchase price of approximately US$2 billion, which is subject to certain closing purchase price adjustments, through a combination of new debt issuance and existing cash. First established in Greece over 40 years ago, Chipita generated approximately US$580 million of revenue in 2020 and has a proven track record of consistent growth from its portfolio of croissant and baked snack brands, including 7Days, Chipicao and Fineti.