date:Mar 04, 2014
Finland-based HKScan has signed a deal to sell its 50% stake in Saturn Nordic Holding to Danish Crown, which holds the remaining 50% holding in the firm.
As per the agreed terms, the company will receive 180m in cash as well as a dividend corresponding to PLN35m for the fiscal 2013, and expects to record capital gain of 67m for the sale.
Following the completion of the deal, which is subject to the approval of competition authorities, HKScan will no longer hold an indirect stake in meat firm S