Mumbai, Oct. 14 -- L T Foods has signed a definitive agreement to acquire 100% stake in Hungary-based Global Green Europe Kft. for an enterprise value of approximately €25 million.

This acquisition is in line with the long term strategy of the company for growth through packaged food and to further strengthen its RTH and RTE segment. This move will allow LT Foods to make further inroads in Central and Southern Europe while adding synergies with its cross distribution network.

The acquisition will be executed through LT Foods Europe Holdings Limited, a wholly-owned step-down subsidiary of LT Foods. Under the agreement, LT Foods will pay €6 million at closing for 100% equity

shareholding, with the remaining €1.8 million...