Karlshamns sells its shareholding in Swiss company

Karlshamns AB sells its 20-percent participation in the Swiss sales company AKOLEO, to the company’s main shareholder Oleotrading. Karlshamns has held its 20-percent shareholding ever since AKOLEO was established in 1986. AKOLEO has functioned as a base for sales activities in Eastern Europe as well as in Northern Africa. - AKOLEO’s operations have changed over the years, as have business conditions in its targeted markets. We have thus decided to sell our share of the company, to focus fully on our core operations, says Karlshamns’ President and C.E.O. Jerker Hartwall. When selling its share of AKOLEO, Karlshamns makes a capital gain of approximately SEK 10 million.

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AAK is a leading provider of value-adding vegetable oils & fats. Our expertise in lipid technology within foods and special nutrition applications, our wide range of raw materials and our broad process capabilities enable us to develop innovative and value-adding solutions across many industries – Chocolate & Confectionery, Bakery, Dairy, Special Nutrition, Foodservice, Personal Care, and more. AAK’s proven expertise is based on more than 140 years of experience within oils & fats. Our unique co-development approach brings our customers’ skills and know-how together with our own capabilities and mindset for lasting results. Listed on the Nasdaq Stockholm and with our headquarters in Malmö, Sweden, AAK has more than 20 different production facilities, sales offices in more than 25 countries and more than 3,700 employees. We are AAK – The Co-Development Company.

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