Lantmännen moves shares from HaGe Nord AG to team SE
Lantmännen converts its shares in Hauptgenossenschaft Nord AG ("HaGE") into newly issued shares in team SE, a company in Germany with operations within construction trade and energy ("Team"). The Danish cooperative DLG is the majority shareholder in both HaGe and Team and the transaction is being made against the background of a restructuring within the DLG portfolio.DLG will convert most of its shares in HaGe into newly issued shares in Team and thus become an approximately 70 percent owner in Team. Lantmännen, which owns about 41 percent of HaGe, will after the transaction own about 10.
Read original