Companies / Belgium
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Lotte Moves Into Europe With Guylian Acquisition
June 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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South Korea's Lotte Confectionery has announced it will acquire Belgium-based chocolate maker Guylian for EUR105mn (US$164mn). The move represents Lotte's first foray into the competitive European market and also suggests a new focus on upmarket, premium confectionery.