AAK completed the acquisition of the remaining 31% stake in AAK Kamani JV from Kamani Oil Industries.

AAK, a global Sweden-based company and producer of vegetable oils and fats, completed the acquisition of the remaining 31% of the shares of AAK Kamani, the joint venture between AAK and Kamani Oil Industries that was formed in September 2015 to further strengthen its position in the strategic and fast-growing Indian market. AAK now owns 100% of AAK Kamani. “Working together with the founding family for the past five years, AAK is now ready to lead the next growth journey for AAK Kamani. Since engaging in the joint venture, we have together with Prakash Chawla and his family continuously expanded and developed AAK Kamani based on its strong heritage and brand recognition," Sten Estrup, President AAK Asia.