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Apetit Oyj — M&A Activity 2015
May 6, 2015
3303_rns_2015-05-06_236ea96a-ff13-4149-b7d8-ee179f9f15ff.html
M&A Activity
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The rescinding of cross-shareholding between Apetit Kala Oy and Taimen Oy completed
The rescinding of cross-shareholding between Apetit Kala Oy and Taimen Oy completed
Apetit Plc, Stock Exchange Release, 6 May 2015 at 4:15 p.m.
Finalizing the transaction announced on 9 April 2015, Apetit Plc, Apetit Kala
Oy and the principal owners of Taimen Oy have today completed the rescinding of
the cross-shareholding between Apetit Kala Oy and Taimen Oy. The deal is
carried out in the form of a change in holdings, without any cash compensation.
Under the agreement, Taimen's 30 per cent holding in Apetit Kala is terminated
and Apetit Kala's 30 per cent holding in Taimen is reduced to 23.7 per cent.
On 29 April 2015, Apetit issued a stock exchange release on Finnish Competition
and Consumer Authority (FCCA) approval of the transaction. Completing the
transaction will result in an income of EUR 0.7 million recognised in the
second quarter.
Apetit Plc
Juha Vanhainen
CEO
For more information:
Eero Kinnunen, CFO, Apetit Plc, tel. +358 10 402 4025
Distribution:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Delicious wellbeing. Apetit Plc is a Finnish food company whose mission is to
offer delightfully satisfying flavours and service experiences. We are well
known for our frozen vegetables and frozen ready meals, fresh fish and fish
products, ready-to-use fresh fruit and vegetable products and grains and
vegetable oils. The Group's shares are quoted in Nasdaq Helsinki. In 2014 our
net sales was EUR 385 million and our average number of personnel was 723.
www.apetitgroup.fi