HKScan Corporation Stock Exchange Release 10 June 2014 at 11.40am
Sokolów transaction closed
Finalizing the transaction announced in February, HKScan has sold all its shares (50%) in Saturn Nordic Holding AB to Danish Crown A/S, the other shareholder in the company. Saturn Nordic Holding AB holds 100% of the shares in Sokolów S.A. The EU Commission approved the transaction at the end of May. With the closing of the deal, HKScan will no longer hold an indirect stake in Sokolów, which has been HKScan's joint venture in Poland.
For HKScan, the divestment enables the Group to accelerate its efforts to place an even stronger focus on its other home markets.
More information on the transaction is available in HKScan’s Stock Exchange releases dated 28 February 2014 and 28 May 2014.
HKScan will retain ownership of its wholly-owned subsidiary, HKScan Poland Sp.z o.o. located in Świnoujście, 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, making us one of the Europe’s leading meat companies.