LT Foods establishes new step-down subsidiary in Hungary

LT Foods Limited has informed stock exchanges about the incorporation of LT Foods Hungary Holdings Kft., a new step-down subsidiary. This entity is wholly owned by LT Foods Europe Holdings Limited, which itself is a subsidiary of LT Foods Limited. The new company has a capital of €8,000 and its registered office is in Budapest.

LT Foods Hungary Holdings Kft. is categorized as a related party of LT Foods Limited. Its primary objective is to function as an intermediate holding company, thereby enhancing the performance overview of Hungarian operations and fitting within the broader business strategy of LT Foods.

The company confirmed that the acquisition involves 100% shareholding, held by LT Foods Europe Holdings Limited. No governmental or regulatory approvals were required for this acquisition, and it does not involve a cash consideration.