Lotte Confectionery $158 million acquisition of Havmor Ice Cream

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