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Allana Group picks up minority stake in LT Foods
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Now India-based LT Foods owns 30% stakes in Netherlands-based Leev.
Through this transaction allows LT Foods subsidiary can acquire further 21% stake in Leev.nu at the end of five years.
Famous for selling packaged rice under the brands namely Daawat, Heritage, and Royal, LT Foods Ltd has acquired a 30% stake in Leev.nu, a Netherlands-based packaged foods company. ..
LT Foods picks 30% stake in Dutch packaged foods firm Leev LT Foods, which sells packaged rice under the Daawat, Heritage and Royal brands, on 20 January 2021 announced the acquisition of 30% stake in Leev.nu, a Netherlands-based organic specialty food company.
The move comes just weeks after the company expanded its manufacturing capabilities in Europe by commissioning a new packaging line at its plant in Rotterdam, Netherlands. LT Foods has five processing facilities in India, two packaging units and one ready-to-heat facility in the US, and one processing facility in Rotterdam.
The acquisition deal through its subsidiary Nature Bio Foods BV has an option to acquire further 21% stake after five years. A private equity investor Did-It, with experience in worldwide trading of organic products, has also taken a stake in Leev.nu.