Raisio plc, Stock Exchange Release, 23 October 2018
The Finnish Competition and Consumer Authority approved the divestment of Raisio’s cattle feed business
On 23 October 2018, The Finnish Competition and Consumer Authority approved the Lantmännen Agro Oy’s transaction regarding Raisio’s cattle feed business. The transaction was conditional on the approval of the competition authority. Raisio expects the deal to be completed and the business to move to the buyer in October-November 2018. The enterprise value is EUR 34 million.
The divested cattle feed business includes two production plants located in Ylivieska and Kouvola, as well as the brands, of which Maituri and Melli are the best-known. Raisioagro’s Benemilk licence will also be transferred to the buyer. Employees of the cattle feed business will start as serving employees at Lantmännen.
Raisio plc
Heidi Hirvonen
Communications and IR Manager
Tel. +358 50 567 3060
Further information:
Pekka Kuusniemi, President and CEO, tel. +358 50 537 3883
Raisio plc
Raisio is an international company specialised in healthy, responsibly produced food. Our well-known brands include, for example, Benecol, Elovena, Nalle and Sunnuntai. In Raisio’s products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio’s shares are listed on Nasdaq Helsinki Ltd. In 2017, the Group’s net sales for continuing operations totalled EUR 307 million and comparable EBIT was EUR 38 million. Our food is good for Health, Heart and Earth. For more information on Raisio go to www.raisio.com.
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Nasdaq
Key media
www.raisio.com