Feed factory acquisition in Russia by Lännen Tehtaat and Raisio joint venture
Lännen Tehtaat plc Stock Exchange Release August 24, 2006 at 1;00 p.m.
Feed factory acquisition in Russia by Lännen Tehtaat and Raisio joint venture
cancelled
In its latest interim report Lännen Tehtaat plc announced that ZAO Scandic Feed,
a joint venture equally owned by Lännen Tehtaat and Raisio, had signed a contract
for the acquisition of a majority shareholding in ZAO Tosno Feed Factory, which
is engaged in the production and marketing of feeds in Russia. The contract was
signed in March, and the Russian competition authorities gave a permit for the
deal.
The Russian seller has now, without justification, refused to close the deal in
the way agreed in the contract, and the deal is cancelled.
LÄNNEN TEHTAAT PLC
Matti Karppinen
CEO
More details: Matti Karppinen, tel. +358 10 402 4001
Distribution:
Helsinki Stock Exchange
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