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News 289 views last update:6 Aug 2012

Lantmännen increases share in HaGe

Swedisch cooperative feed and food firm Lantmännen has increased its share in German partner HaGe in Kiel from 5 to 20% reports Dutch agricultural daily AgD.

By doing so Lantmännen tightens its bond with DLG, the largest grains and feed company in Denmark. DLG increased it share in HaGe in August from 38 to 60%.

HaGe is the second largest grains and compound feed trader and manufacturer in Germany with a turnover of €1.1 million in 2006.

Lantmännen is by far the largest feed cooperative in Sweden with an annual turnover of €3.5 billion. It is owned by 40,000 Swedish farmers.

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