Apetit Plc: The sale of the Estonian Grain Trade business to Scandagra completed

Apetit Plc, Stock exchange release on 11 March 2022 at 08:00 a.m.

Apetit Plc: The sale of the Estonian Grain Trade business to Scandagra completed

On 28 December 2021, Apetit has announced that its subsidiary Avena Nordic Grain has signed an agreement to sell the Baltic operations of the Grain Trade business to Scandagra Group. The sale covers the business and assets of Avena’s companies in Estonia and Lithuania.

The requirements of closing the sale concerning the Estonian company have been fulfilled and the transaction has been completed on 10 March 2022.

The completion of the sale of the Lithuanian company is awaiting the approval of the local competition authorities. As previously estimated, the transaction is expected to close during the first quarter of 2022.

Apetit Plc

For more information, please contact:

Esa Mäki, CEO, tel. +358 10 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million.