HKScan Oyj
EU Commission approved Sokolów transaction

HKScan Oyj 

28.05.2014 16:30

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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.
News Source: NASDAQ OMX



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Language:     English
Company:      HKScan Oyj
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009006308
WKN:          
 
End of Announcement                             DGAP News-Service
 
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