Announced

Completed

Linas Agro Group completed the acquisition of KG Group.

Synopsis

Linas Agro Group, a group of companies, completed the acquisition of poultry and meat companies Kauno Grūdai, Kaišiadorių Paukštynas and Vilniaus Paukštynas doing business as KG Group. FInancial terms were not disclosed. "Our group of enterprises is complemented by strong companies and professional teams working in them. We aim to create and implement positive changes in agriculture and the food industry, ensure greater stability for farmers in the Baltic States and compete much more effectively in the open EU market. We are now in a period of transition, which, we believe, will be smooth and both groups, which have been competitors so far, now will work as one team," Darius Zubas, Linas Agro Group Chairman.

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