Jordan’s Chocolake explores selling off $800 million stake

Jordan’s Chocolate Lake Co. is in talks with potential buyers to sell a strategic stake in the company that could turn out to be one of the kingdom’s largest M&A transactions in recent years.

The sale could fetch as much as $800 million and Amman-based Chocolate Lake has hired Rothschild & Co. as an adviser, Bloomberg reports.

Operating under the Chocolake brand, the privately owned company produces over 600 products, including chocolates, fillings, spreads, sauces, bites and bars.

Chocolate Lake’s board has not yet made a final decision on whether to proceed with the sale, the news agency said.