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LOTTE Confectionery to acquire Myanmar’s L&M Mayson

Korea’s leading snack maker LOTTE Confectionery announced on Oct. 24 that it has decided to acquire L&M Mayson, a top bakery firm in Myanmar. The Korean company will buy 80 percent stake in L&M Mayson for 76.9 billion won (US$68.08 million). Established in 1996, L&M Mayson produces bread, cookies and pies at three of its […]