Finnish Competition and Consumer Authority has approved the buyback of Taimen Oy’s holding in Apetit Kala Oy
Apetit Plc, Stock Exchange Release, 29 April 2015 at 1:30 p.m.
Finnish Competition and Consumer Authority (FCCA) has approved the transaction in which Apetit Plc buys back all Apetit Kala Oy’s shares from the Taimen Oy. Under the agreement, Taimen’s 30 per cent holding in Apetit Kala will be terminated.
Apetit Plc, Apetit Kala Oy and the principal owners of Taimen Oy agreed on 9 April 2015 to rescind the corporate transaction completed between Apetit Kala Oy and Taimen Oy in 2010 and the cross-shareholding specified within it. The deal will be carried out in the form of a change in holdings, without any cash compensation. Under the agreement, Taimen’s 30 per cent holding in Apetit Kala will be terminated and Apetit Kala’s 30 per cent holding in Taimen will be reduced to about 23.7 per cent.
Apetit Plc
Asmo Ritala
Corporate Councel
For more information:
Asmo Ritala, Corporate Councel, Apetit Plc, tel. +358 10 402 4005
Distribution:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Delicious wellbeing. Apetit Plc is a Finnish food company whose mission is to offer delightfully satisfying flavours and service experiences. We are well known for our frozen vegetables and frozen ready meals, fresh fish and fish products, ready-to-use fresh fruit and vegetable products and grains and vegetable oils. The Group’s shares are quoted in Nasdaq Helsinki. In 2014 our net sales was EUR 385 million and our average number of personnel was 723. www.apetitgroup.fi
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