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Premia's general meeting okays sale of ice-cream business
BC, Tallinn, 31.10.2014.
Print version
Print versionThe shareholders of Tallinn Stock Exchange-listed company Premia Foods approved at an extraordinary general meeting on Thursday of selling the ice cream and cold products business of Premia Foods to Latvian Food Union group owner Andrey Beskhmelnitskiy, LETA/Postimees Online reports.
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Approval of the general meeting of shareholders was one prerequisite for the completion of the transaction. The transaction price is 27.1 million euros.
Premia Foods' board chairwoman Katre Kõvask said that with the transaction, two of the three business segments of Premia Foods are sold, which accounts for about a half the company's turnover.
"The Premia Foods' fish and fish products business segment remains after the completion of the transaction at the stock exchange under the name AS PRFoods. This is what the company's shareholders decided on Thursday," said Kõvask.
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