Estonia, EU – Baltic States, Foodstuff, Markets and Companies, Mergers and take-overs

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 11:12

HKScan sells Estonian egg production to Danes

BC, Tallinn, 22.12.2014.Print version
HKScan, a leading Nordic meat company, has signed an agreement to sell its Estonian egg business, OÜ Koks Munatootmine, to Danish Hedegaard Foods AS, LETA/Postimees Online reports.

Koks Munatootmine, which produces and sells eggs and egg products in Estonia under the Tallegg brand, 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. The divestment is subject to the approval of the competition authorities. Employees of the egg business will continue to work for OÜ Koks Munatootmine.

 

HKSscan, which owns Rakvere Lihakombinaat and poultry company Tallegg in Estonia, explained the transaction with the wish to focus on its main activity, meat production, Postimees Online reports. Tallegg also produces chicken meat and products in Estonia.

 

Hedegaard is Scandinavian and Baltic States biggest egg and egg products producer and marketer.

 

The sides do not reveal the cost of the transaction.






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