ThePigSite.com - news, features, articles and disease information for the swine industry

News

Meat Processor Sells Share in Dan-Invest Piggery Company

15 October 2013

RUSSIA - Finnish meat processor, Atria, has sold its minority share in OOO Dan-Invest, a pig company operating in Russia.

The share has been sold to the majority shareholder, 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 at the end of 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.

ThePigSite News Desk



Share This

News By

Related News

More News

Our Sponsors

Partners


Seasonal Picks

The Commuter Pig Keeper - 5m Books