Sale of a majority stake in Lakrids By Bülow (DK) to IDG Capital (CN)

IDG Capital (“IDG”) has entered into an agreement to acquire a majority stake in Lakrids by Bülow (“LBB”) for an undisclosed consideration from the previous shareholders, including Valedo (SE). Under IDG Capital ownership, LBB will accelerate their international expansion and continue their mission to ‘make the world love liquorice’.