HKScan Corporation Stock exchange release 2 January 2013 9:00 a.m.
HKScan streamlined its corporate structure in Finland
According to HKScan’s plans announced on 29 June 2012, the mergers of Järvi-Suomen Portti Oy and Helanderin Teurastamo Oy into HK Ruokatalo entered into force on 30 December 2012. Correspondingly, HKScan Finland Oy’s merger with HK Ruokatalo Oy was registered on 31 December 2012. The changes made HK Ruokatalo Oy a direct wholly owned subsidiary of HKScan Corporation.
By simplifying its corporate structure HKScan aims to harmonize the Group’s operational processes and streamline its internal administration. The mergers are of a legal nature and will have no impact on employees. The employees from the merging companies transfer to HK Ruokatalo Oy without loss of holiday and similar entitlements. The Group’s restructuring will not impact the position of HKScan Corporation's shareholders or the Group's external reporting in any way.
Further information can be obtained from Markku Suvanto, HKScan’s administrative and legal director, tel. +358 10 570 6128.
HKScan is one of the leading food companies in northern Europe, with home markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under strong brand names. Its customers are the retail, food service, industrial and export sectors. In 2011, it had net sales of EUR 2.5 billion and some 11 400 employees.
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