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Lekkerland sold 100% stake in its Hungarian operations to a Hungarian consortium of investors

22 March 2010

Raiffeisen Investment has successfully advised Lekkerland GmbH & Co KG on the sale of 100% shares in its Hungarian subsidiary Lekkerland Export - Import Kereskedelmi Kft to HU Management, a Hungarian company formed by the management of Lekkerland Export - Import Kereskedelmi Kft, for an undisclosed amount.

Lekkerland GmbH & Co KG is a European full-service partner for all sales channels in the convenience area. In eleven countries in Europe, the wholesale company supplies 134.000 petrol station shops, kiosks, specialised tobacco shops, specialised drinks markets, department sores, food markets, fast food chains, bakeries, canteens and convenience stores with a full range of tobacco and sweet goods, drinks, snacks, fast food, fresh articles, non-food and telephone cards. Currently Lekkerland employs 7.361 people. In 2008 the company achieved a turnover of 11.6 billion EUR.

Lekkerland Export - Import Kereskedelmi Kft is a Hungary based wholesaler, focused on importing food, sweets, and drinks. The company also provides a range of logistics services to retailers and manufacturers.

The transaction was closed in February, 2010 and Raiffeisen Investment acted as financial advisor to Lekkerland.



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