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FirstFarms — M&A Activity 2017
Mar 31, 2017
3433_rns_2017-03-31_5a447a6a-2f21-4c23-aaf5-010a2a3880d6.pdf
M&A Activity
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FirstFarms
Company announcement no. 8/2017
31 March 2017
FirstFarms purchases remaining part of pig production in Hungary
On Friday 24 March 2017, FirstFarms entered agreement about purchase of Dan-Farm Holding A/S, c.p. company announcement no. 5/2017.
Dan-Farm Holding A/S owns 80 percent of the Hungarian company Dan-Farm Hungary Kft. The remaining 20 percent is owned by the IØ fund.
Dan-Farm Hungary Kft. has today 2,200 sows – under expansion to 2,500 sows – and a yearly sale of 70,000 piglets and 5,000 slaughter pigs.
Dan-Farm Holding A/S, who is a part of the FirstFarms Group, has today entered agreement about purchase of IØ fund's shares in Dan-Farm Hungary Kft. The purchase price is the booked equity value as per 31 December 2016 in Dan-Farm Hungary Kft., which corresponds to DKK 6 million.
The FirstFarms Group hereafter owns 100 percent of the pig production company.
The purchase price carries interest until payment of the shares, at the latest in October 2019.
Best regards
FirstFarms A/S
For further information:
Please visit our website www.firstfarms.com or
contact CEO Anders H. Nørgaard on telephone +45 75 86 87 87.
Company announcement no. 8/2017 for FirstFarms A/S
FirstFarms A/S
Majsmarken 1 – 7190 Billund – Danmark – Tel.: +45 7586 8787
www.firstfarms.dk – www.firstfarms.com – [email protected]
CVR no.: 28312504 – Registered office: Billund