New Delhi, Oct. 14 -- LT Foods Limited, a global FMCG company known for its packaged food products, has announced the acquisition of 100 per cent stake in Hungary-based Global Green Europe Kft., for an enterprise value of approximately EUR25 million.

According to a press release by LT Foods, the move marks a major step in the company's long-term plan to grow its ready-to-heat (RTH) and ready-to-eat (RTE) business segments while deepening its presence in Europe.

"The acquisition will be carried out through LT Foods Europe Holdings Limited, a wholly owned step-down subsidiary of the company. Under the terms of the deal, LT Foods will pay EUR6 million at closing for the full equity shareholding, followed by an additional EUR1.8 million ove...