Lantmännen becomes sole owner of Scandbio

Lantmännen becomes the sole owner of Scandbio after reaching an agreement to buy Neova Group's shares in the company. "Scandbio has great potential to continue to develop positively in a sustainable industry," says Magnus Kagevik, Lantmännen's COO and Head of Energy Sector.Scandbio was formed in 2014 when Lantmännen and Finnish Neova merged their operations. Since 2014, both owners have been operating the company, with equal shares, as a joint venture.  A situation that, after the approval of competition authorities, will change as the company will be fully owned and operated by Lantmännen.