Atria Sells Share in Dan-Invest Piggery Company14 October 2013
RUSSIA - Finnish meat processor Atria has sold its minority share in OOO Dan-Invest, a piggery 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.
TheMeatSite News Desk