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January 20, 2021 × LT Foods says the acquisition has been done in line with the long term growth plans LT Foods Ltd on Wednesday said that its subsidiary Nature Bio Foods BV, has acquired 30 per cent stake in a Netherland-based Leev.nu for an undisclosed amount. The company said the acquisition has been done with an option of acquiring a further stake of 21 per cent at the end of five years. Leev.nu, which is an organic specialty food company, is known for a product portfolio consisting of breakfast bars, healthy snacks, baking range & gluten free and low sugar products . It is also expanding its product portfolio into organic whole grains categories such as oats and flax seeds. ....
LT Foods acquires 30% stake in Netherlands-based organic speciality food firm Nature Bio Foods BV, a subsidiary of LT Foods, has acquired 30 per cent stake in Leev.nu, with an option to acquire a further 21 per cent stake at the end of five years, a joint statement said without disclosing the deal amount. PTI January 20, 2021 / 02:35 PM IST LT Foods | CRISIL revised its outlook on the long-term bank facilities of LT Foods to positive from stable while reaffirming the rating at A- . The short-term rating has been reaffirmed at A2+ . Consumer food company LT Foods, which owns basmati rice brands such as Daawat and ‘Royal , on Wednesday announced acquisition of a 30 percent stake in the Netherlands-based organic speciality food company Leev.nu. ....
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. (Mint)Premium Share Via Read Full Story 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. ....