Lotte Confectionery $158 million acquisition of Havmor Ice Cream

24/11/2017

Private acquisition

Value:

$ 158 million

Status:

Announced

Date:

24/11/2017

Overview:

Lotte Confectionery has acquired Havmor Ice Cream for $158 million.
The deal represents Lotte's entry into the Indian ice cream market.
Employees will be transferred to the new company, though the name of the target will not be changed.
Lotte is a Korean food and beverage company.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sector:

Food and beverage

Firms:

AZB & Partners

Party: Lotte Confectionery (Acquirer)

Lawyers: Alka Nalavadi, Nilanjana Singh

Veritas Legal

Party: Havmor Ice Cream (Target)

Lawyer: Abhijit Joshi

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