LT Foods Subsidiary Nature Bio Foods To Acquire 40.75% Stake In Leev.nu B.V. For ₹15.39 crore
· Free Press Journal
Mumbai: LT Foods Limited announced on Monday that its subsidiary, Nature Bio Foods B.V., Netherlands, will acquire an additional 40.75% equity stake in Leev.nu B.V. for an equity value of EUR 1.735 million (approximately ₹15.39 crore).
Visit bettingx.bond for more information.
Acquisition Details
The acquisition will boost Nature Bio Foods' shareholding in Leev.nu B.V. from 30.00% to 70.75%, giving it majority control. The consideration for the acquisition is cash.
LT Foods Consolidated Net Profit Rises 35% To ₹183.45 Crore In Q1 FY27Strategic Rationale
LT Foods said the acquisition provides Nature Bio Foods with a diversified product portfolio. Leev.nu B.V.'s products are listed with key Dutch retailers.
Target Entity Profile
Leev.nu B.V., based in the Netherlands, specialises in healthy plant-based snacking products. The company's business includes lentil-based crackers and cakes.
LT Foods Q4 Revenue Jumps 30% To ₹2,907 Crore, Profit Declines SequentiallyFinancial Overview of Leev.nu B.V.
Leev.nu B.V. reported a turnover of EUR 6 million (approximately ₹53.24 crore). Its turnover has remained stable over the last three years, and it has a presence in the Benelux retail market.
Execution Timeline
LT Foods expects to complete the acquisition by October 2026. No governmental or regulatory approvals are required for this transaction.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.