EU Commission approved Lantmännen aquisition of HKScan's Swedish business

HKScan has today, on 7 March 2024, been informed that the EU Commission has approved the arrangement announced in December 2023 whereby HKScan will sell its business in Sweden. In February 2024, the approval of the Swedish authorities for foreign direct investment (FDI) was received and HKScan's Extraordinary General Meeting approved the arrangement.

HKScan and Lantmännen ek för, the acquirer of the business, intend to close the transaction during March 2024.

On 29 December 2023, HKScan announced that it had signed an agreement to sell its Swedish business to Swedish Lantmännen (Stock Exchange release 29 Dec 2023: Inside information: HKScan to sell its Swedish business to Lantmännen - HKScan). 

With the transaction, HKScan's ownership of its Swedish business will end. The business and personnel of HKScan’s Swedish subsidiaries will be transferred to the new owner at the closing of the transaction.

HKScan Corporation

Juha Ruohola
CEO

Further information: 
Juha Ruohola, CEO, HKScan Corporation, tel. +358 400 647 160 
HKScan Media Service Desk, tel. +358 10 570 5700 or communications@hkscan.com  

With 110 years of experience, we at HKScan make life tastier – today and tomorrow. Our strategic target is to grow into a versatile food company. Our home markets are Finland and Denmark, where around 3,600 of our professionals make responsible and locally produced food for consumers’ varied food moments. Our well-known brands include HK^®, Kariniemen^®, Via^® and Rose^®. We are developing a more climate-friendly way of producing food. HKScan is a publicly listed company, and in 2023, our net sales from continuing operations totalled nearly EUR 1.2 billion. www.hkscan.com