.
MergerLinks Header Logo

New Deal


Announced

Lantmännen to acquire the Swedish business of HKScan for €65m.

Financials

Edit Data
Transaction Value£56m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales0.1x
EV/EBITDA4.14x
Share Price Premium-
One Off Charge-

Tags

Edit

Sweden

meat

pet food

Food Products

Acquisition

food products

Majority

Private

Pending

Friendly

Single Bidder

Domestic

Synopsis

Edit

Lantmännen, a Swedish agricultural cooperative, agreed to acquire the Swedish business of HKScan, a Finnish manufacturer of meat foods and products, for €65m. "The divestment of the Swedish business will strengthen HKScan's balance sheet. In addition, the sale will allow us to better focus on our remaining businesses and implement our long-term strategy. We will continue to operate on our foundations as a strongly Finnish but internationally active listed company. Our market position is significant and we have strong brands. Our strategic goal is to grow into a versatile food company," Juha Ruohola, HKScan CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US