Finalizing the transaction announced in February, HKScan has sold all its shares (50%) in Saturn Nordic Holding AB to Danish Crown A/S, the other shareholder in the company.
Saturn Nordic Holding AB holds 100% of the shares in Sokolów S.A. The EU Commission approved the transaction at the end of May. With the closing of the deal, HKScan will no longer hold an indirect stake in Sokolów, which has been HKScan's joint venture in Poland.
For HKScan, the divestment enables the Group to accelerate its efforts to place an even stronger focus on its other home markets.
More information on the transaction is available in HKScan's Stock Exchange releases dated 28 February 2014 and 28 May 2014.
HKScan will retain ownership of its wholly-owned subsidiary, HKScan Poland Sp.z o.o. located in Swinoujscie, Poland.
