HKScan: Transaction of the Swedish business now closed

Turku / FI. (hks) HKScan Corporation and the Swedish Lantmännen Group have closed the transaction announced on 29 December 2023, whereby HKScan sells its Swedish business to 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.

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