Hotel Chocolat Group PLC - Royston, Hertfordshire-based chocolatier - Says it has agreed to acquire Rabot 1745 Ltd, which it does not already hold. Rabot was established in 2016 as a joint venture between the company and Non-Executive Chair Andrew Gerrie to develop a range of beauty products inspired by the wild beauty of the group's Saint Lucian cacao farm and rainforest spa. The company holds its 47% of the issued share capital of Rabot through its subsidiary, Hotel Chocolat Ltd. The subsidiary has agreed to acquire the remaining 53% of the issued share capital of Rabot, for a total cash consideration of GBP4.00.
Hotel Chocolat current stock price: 368.80 pence
Year-to-date change: down 13%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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