Following a development of scaling again the geographic areas in which it operates, Finland-based meat and poultry producer HKScan is in talks relating to the attainable divestiture of its enterprise operations in Denmark.
“The corporate emphasizes that there is no such thing as a certainty relating to the end result of those discussions or as to the phrases on which any potential transaction may proceed,” HKScan mentioned in an announcement.
“The negotiations are linked to HKScan’s continued evaluation of its group construction and the strengthening of the steadiness sheet, in step with beforehand communicated aims. The corporate evaluations the positioning of its market areas as a part of the group’s long-term technique with a goal to develop into a flexible meals firm.”
Based on data on the HKScan web site, the corporate operates crops within the Danish cities of Vinderup and Skovsgaard, whereas its head workplace is in Aarhus. The Aarhus workplace is the place a lot of the firm’s Danish colleagues concerned in finance, gross sales, advertising and marketing, class administration, innovation and exports work.
HKScan’s Danish poultry model is Rose.
The corporate employs about 677 folks in Denmark.
Sale of Swedish enterprise progressing
In January 2024, it was introduced that Lantmännen is buying all of HKScan’s operations in Sweden, together with the manufacturers Scan, Pärsons, and Bullens.
HKScan, in a press launch dated March 7, introduced that the European Fee permitted the association reached between HKScan and Lantmännen and the approval of the Swedish authorities for overseas direct funding (FDA) was obtained, and the association was additionally permitted at HKScan’s current extraordinary normal assembly. The transaction is anticipated to be finalized later this month.
These strikes come simply months after HKScan closed the sale of its Baltic companies in Estonia, Latvia, and Lithuania to the Maag Grupp of Estonia.
