South Korea’s Lotte Confectionery said on Thursday that it will acquire Indian ice cream maker Havmor for Rp10.2 billion $158 million, getting a bigger helping of the vast Indian consumer market and potentially blazing a new intra-regional trail of Asian MA.
The confectionery arm of conglomerate Lotte Group whipped rivals including Nestle and Hindustan Unilever in its pursuit of Havmor, a privately-held, 73-year-old ice cream company that sells under its own brand and its Huber Holly chain of dessert parlours.
And it may yet be ordering more from the Indian menu, if a news report that the Lotte Group might invest as...
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