LOTTE Confectionery to acquire Myanmar's L&M Mayson

Lotte Group acquires major stake in Myanmar bakery firm

South Korean conglomerate Lotte Group acquires 80 percent of local confectionary L&M Mayson Company, through its subsidiary Lotte Confectionary. According to a report in DealstreetAsia, the deal value is almost US$ 70 million. The article said t