HKScan Oyj - Company Announcement

HKScan’s strategy implementation continues

HKScan's strategy implementation continues - Estonian egg business to be
divested, HKScan to become a minority shareholder in Finnish hatchery joint
venture 

HKScan Corporation                    Stock Exchange release                   
                       19 December 2014, at 10:00 



HKScan's strategy implementation continues - Estonian egg business to be
divested, HKScan to become a minority shareholder in Finnish hatchery joint
venture 

HKScan, a leading Nordic meat company, has signed an agreement to sell
itsEstonia's egg business, OÜ Koks Munatootmine, to Danish DAVA Foods Holding
A/S. OÜ Koks Munatootmine has annual net sales EUR 6,7 million. The deal
comprises shares as well as property and facilities and will result in a minor
non-cash write-off. Thedivestment is subject to the approval of the competition
authorities. Employees of the egg business will continue to work for OÜ Koks
Munatootmine. 
“DanHatch has a solid track record in the hatchery business in Northern Europe
and we are pleased to have a business partner that is highly dedicated to the
business. This will benefit our poultry value chain and our producers. Further
development and investments are required in order to meet the growing market
demand for poultry products,” says Hannu Kottonen, President and CEO of HKScan.
“As announced in October 2014, the poultry business is a strategic development
area for HKScan, and we plan to invest in a new production facility in Finland.
Ensuring high-quality and cost-efficient hatchery operations is therefore very
important for us.” 

Both transactions will free up capital. They will involve approximately 60
employees in total. 

 “These deals are further steps in our efforts to rationalize our operations,
focus on our core business, improve our productivity and further simplify and
clarify the Group structure. The changes allow us to further strengthen our
position as the leading Nordic meat company,” says Kottonen. 



HKScan Corporation



Hannu Kottonen
CEO

For further information:
Hannu Kottonen, CEO, HKScan Group
Kindly submit a callback request via:  Marja-Leena Dahlskog, SVP
Communications, tel. +358 10 570 2142 



HKScan is the leading Nordic meat expert. We sell, market and produce
high-quality, responsibly-produced pork, beef, poultry and lamb products,
processed meats and convenience foods under strong brand names. Our customers
are the retail, food service, industrial and export sectors, and our home
markets comprise Finland, Sweden, Denmark and the Baltics. We export to close
to 50 countries. HKScan's net sales is EUR 2.1 billion and we have some 7 700
employees, making us one of the Europe's leading meat companies. 


DISTRIBUTION:
NASDAQ OMX Helsinki
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www.hkscan.com