Lotte buys Belgian chocolate maker Guylian

The Korean confectionery company spends $164 million to buy 100% of the Belgian chocolate maker famous for its seashell-shaped pralines.

South Korea's Lotte Confectionery is buying Belgian chocolate maker Guylian for Ç105 million $164 million in the latest instance of Korean companies going overseas for assets.

Lotte Confectionery is part of the Lotte Group, KoreaÆs fifth largest diversified business group. Lotte operates an extensive retail network in South Korea comprising 25 department stores, 56 hypermarkets, 79 supermarkets, 1,750 convenience stores, seven duty free shops, 17 fashion outlets and six fashionhousehold goods stores. The confectionery business started its existence in...

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