English

PUBLIC OFFER BY HK RUOKATALO?S AND DANISH CROWN?S JOINT VENTURE EXPIRED IN POLAND

Report this content 
HK Ruokatalo Group Oyj  STOCK EXCHANGE BULLETIN  16 May 2006, 6.10pm


PUBLIC OFFER BY HK RUOKATALO’S AND DANISH CROWN’S JOINT VENTURE
EXPIRED IN POLAND

Saturn Nordic Holding AB, a joint venture of HK Ruokatalo Group and
Danish Crown, launched in Poland on 3 April 2006 a public tender offer
whereby it offered to acquire the minority shareholders’ shares in
Sokolów S.A., a meat company listed on the Warsaw Stock Exchange.

The offering period in Poland expired on 11 May 2006. Saturn Nordic
Holding received subscriptions for the sale of a total of 9,436,846
shares, equivalent to appr. 9.3 per cent of Sokolów’s shares. The
price offered was PLN 5.80 (appr. EUR 1.47) per share. Upon the
settlement of acquisition of the above shares to take place on 19 May,
Saturn Nordic Holding will own appr. 91.8 per cent of Sokolów’s share
capital and votes.


HK Ruokatalo Group Oyj



Kai Seikku
CEO


DISTRIBUTION:
Helsinki Exchanges
www.hk-ruokatalo.fi

Subscribe