The transaction of HKScan’s Swedish business closed

HKScan Corporation, Press release 27 March 2024

HKScan and Lantmännen ek för have today closed the transaction announced on 29 December 2023, whereby HKScan sells its Swedish business to the Swedish Lantmännen. The transaction concerned the shares in HKScan Sweden AB, the subsidiary that formed HKScan's Business Unit Sweden.

The transaction terminates HKScan's ownership of the Swedish business. The business operations and personnel of HKScan’s Swedish subsidiaries have been transferred to the new owner at the closing of the transaction. HKScan has operated in Sweden since 2007.

The sale of the Swedish business will strengthen HKScan's balance sheet. In addition, the divestment will allow HKScan to better focus on its remaining businesses and implement its long-term strategy. HKScan will now continue to operate as a strongly Finnish-based, but internationally operating listed company. The company has a significant market position and strong brands. HKScan’s strategic target is to grow into a versatile food company.

Information on the transaction has been previously reported in these releases: 29 December 2023, 28 February 2024 and 7 March 2024.

HKScan Corporation 

Juha Ruohola
CEO 

Further information: 
•    Juha Ruohola, CEO, HKScan Corporation, tel. +358 400 647 160
•    Jyrki Paappa, CFO, HKScan Corporation, tel. +358 50 556 6512 
•    HKScan Media Service Desk, tel. +358 10 570 5700 or by email: 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^® ja 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