Mumbai, March 10 - Italy's largest coffee maker, Lavazza, is set to buy coffee businesses of south India-based Sterling Infotech Group, including the popular Barista chain, a joint statement said.
India's Economic Times said the deal was valued at about $125 million but Sterling declined to confirm the amount.
The statement, issued late on Friday, said the two firms had signed an agreement allowing Lavazza to buy a 100 percent stake in Sterling's Barista Coffee Co. Ltd. and Fresh and Honest Cafe Ltd.
The deal was expected to be completed over next four weeks, the statement said.