Atria Sells Share in Dan-Invest Piggery

20 December 2013, at 6:06am

RUSSIA – Finland-based meat processor, Atria, has sold its minority share to a piggery company operating in Russia, OOO Dan-Invest.

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 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.