Investor news | 01.10.2013
Press release: Atria sells its share in piggery company Dan-Invest
Atria sells its share in piggery company Dan-Invest
Atria has sold its minority share in OOO Dan-Invest, a piggery company operating in Russia, to the majority shareholder, i.e., Denmark-based Dan-Invest A/S. Atria’s and Dan-Invest’s holdings in the company were 26 per cent and 74 per cent, respectively. The deal was closed on 30 September 2013, and the holding will be transferred to the purchaser with immediate effect. The purchase price, which will not be disclosed, has no major impact on the company’s financial position or performance. OOO Dan-Invest has two piggeries in south-eastern Russia – one in Krasnodar and the other in Tambov.
The sale of the minority share in the piggery company will have no impact on Atria Russia’s access to meat raw material. Atria Russia’s meat product industry uses both meat produced in Russia and imported meat.
For more information, please contact Juha Ruohola, Deputy CEO, Atria Plc, tel. +358 400 647 160.