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LT Foods picks 30% stake in Netherlands-based Leev through subsidiary
LT Foods Ltd sells packaged rice under the Daawat, Heritage and Royal brands. This acquisition gives LT Foods subsidiary NBF BV a reach to the consumers directly via the mainstream distribution strength of Leev.
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New Delhi: LT Foods Ltd, which sells packaged rice under the Daawat, Heritage and Royal brands, on Wednesday said it has acquired a 30% stake in Leev.nu, a Netherlands-based packaged foods company, through its subsidiary Nature Bio Foods BV.
The transaction allows Nature Bio Foods (NBF BV) an option to acquire a further 21% stake in Leev.nu at the end of five years, the company said in a statement. ....

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