Herba Foods, S.L.U. agreed to acquire Indo European Foods Ltd from Kohinoor Foods Limited (BSE:512559) on March 30, 2021. The deal has been approved by the board of directors of the acquirer. The transaction is expected to be completed within the next thirty days.

Herba Foods, S.L.U. completed the acquisition of Indo European Foods Ltd from Kohinoor Foods Limited (BSE:512559) for £4.4 million on April 15, 2021. The consideration includes a deferred payment of £0.57 million. IEFL reported a net worth of £1.89 million and revenue of £20.29 million during the period ending March 30, 2021.