HKScan Corporation Stock Exchange Release 28 May 2014, 5.30pm
EU Commission approved Sokolów transaction
HKScan has today been informed by Danish Crown A/S that the EU Commission has approved the transaction whereby HKScan will sell its stake in the joint venture Saturn Nordic Holding and, through said sale, in Sokolów. Thereby, the conditions for completing the transaction have been fulfilled and the aim is to complete the transaction during the ongoing second quarter of 2014
In February, HKScan signed an agreement to sell all of its shares (50%) in Saturn Nordic Holding AB to Danish Crown A/S, the other shareholder of the company. Saturn Nordic Holding AB holds 100% of the shares in Sokolów S.A. As a result of the agreement, HKScan will no longer hold an indirect stake in Sokolów, which has been HKScan's joint venture in Poland.
HKScan Corporation
Hannu Kottonen
President and CEO
For further information, please contact:
Hannu Kottonen, President and CEO, HKScan Corporation.
Kindly submit a call-back request to Marja-Leena Dahlskog, SVP Communications, firstname.surname@hkscan.com tel. +358 50 50 200 60.
HKScan is the leading Nordic meat expert. We produce, market and sell high-quality, responsibly-produced pork, beef, poultry and lamb products, processed meats and convenience foods under strong brand names. Our customers are the retail, food service, industrial and export sectors, and our home markets comprise Finland, Sweden, Denmark, the Baltics and Poland. We export to close to 50 countries. In 2013, HKScan had net sales of EUR 2.5 billion and some 11 000 employees.