The PAN Group to press on with Bibica and VFC acquisitions 16:26 | 04/05/2021 The PAN Group rush in acquiring Bibica and VFC The PAN Group announced these goals on the occasion of publishing the group's financial statement for the first quarter this year. However, the company had yet to specify the timeline for this plan. At present, The PAN Group holds 50 per cent in Bibica, with long-term designs to buy an additional 49.93 per cent. The group says that Bibica is an important piece in its 3F (farm â food â family) strategy to penetrate deeper into the food market. Previously, in December 2020 Lotte Corporation began divesting its entire holding in Bibica. The Pan Group was planning on buying the entire stake, pushing its ownership to 100 per cent. However, while the divestment has taken place, for undisclosed reasons, The PAN Group's ambitions were not realised.Â