Announced
Completed
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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