Announced
Completed
Financials
Sources
Tags
Friendly
Food Products
Cross Border
Majority
Private
food processing
Acquisition
Single Bidder
Completed
food and beverage
India
Synopsis
The Saudi Agricultural and Livestock Investment Company, an investment company, completed the acquisition of a 29% stake in LT Foods, a food producer, for $21.6m. SALIC explained that expanding the scope of international investments is one of its strategic goals to achieve national food security targets, and this transaction aims to build a solid long-term strategic partnership with LT Foods following SALIC’s successful acquisition of 30% stake in Daawat, one of LT Foods major rice processing subsidiary in India.
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