HKScan Oyj
HKScan closes sale of Estonian egg business and establishes minority holding in Finnish chicken hatchery
HKScan Oyj 31.03.2015 12:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- HKScan Corporation Stock exchange release 31.3.2015, 1.00 pm HKScan closes sale of Estonian egg business and establishes minority holding in Finnish chicken hatchery On 19 December 2014, HKScan announced plans to sell its Estonian egg business, OÜ Koks Munatootmine, to DAVA Foods Holding A/S of Denmark. The deal was approved by the competition authorities and was finalized today. Another transaction announced last December was also brought completion today. HKScan Finland and DanHatch AS of Denmark agreed to sell HKScan Finland's hatchery business and related real estate assets to DanHatch Finland, an associate co-owned by the two companies, HKScan Finland with a 20 per cent minority holding, with DanHatch owning the remaining 80 per cent. HKScan Corporation Hannu Kottonen CEO For further information: Hannu Kottonen, CEO, HKScan Corporation Please submit a call-back request via Marja Siltala, VP Communications, tel. +358 10 570 2290. 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 and the Baltics. We export to close to 50 countries. In 2014, HKScan had net sales of approximately EUR 2.0 billion and some 7 700 employees. FOR DISTRIBUTION TO: NASDAQ OMXls Helsinki Key media www.hkscan.com News Source: NASDAQ OMX 31.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: HKScan Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009006308 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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