LT Foods Ltd to Acquire Step-down Subsidiary Companies from Global Green International N.V for EUR 7.8 Mn

LT Foods Ltd has executed a Share Purchase Agreement with Global Green International N.V to acquire its entire shareholding in Global Green Europe Kft., Greenhouse AGRAR Kft., and Global Green International (UK) Limited. The acquisition will be undertaken either by LT Foods Europe Holdings Limited or through any of its subsidiaries, making these entities step-down wholly-owned subsidiaries of LT Foods Limited. The acquisition is subject to FDI clearance in Hungary and is expected to occur in Q3 FY2025-26. The Hungarian operations of Global Green began in 2006 and serve more than 30 countries across Europe. The company has been a key player in production of sweet corns in cans and Gherkins, Silver skin onions, Sour cherries in jars through its 2 manufacturing sites spread across 45 hectares of land in Hungary.