Suomen Rehu, Finland’s biggest feed manufacturer, will have a new majority owner by the second half of 2007.
Parent group Lännen
Tehtaat is selling 51% of its stake to Finnish agricultural dealer Hankkija-Maatalous
Oy, which is owned 81% by SOK
Corporation (S-Group) and 19% by Kemira GrowHow Apart from
being a feed manufacturer suomen Rehu is also an exporter of Progut piglet feed additives to promote intestinal health.
In the Baltic counties Suomen Rehu operates with its subsidiary Baltic Feed
has its own factory in Tukums. Feed concentrates, minerals, premixes and special
products are mainly marketed through retailers.
Lannen Tehtaat said on Monday
that the Finnish competition authority has made an interim decision concerning
the sale of the majority shareholding in Suomen Rehu Ltd and Avena Nordic Grain
According to the decision, the competition authority will initiate further
investigations into the matter. Lannen Tehtaat operates in the food industry.
Finland constitutes its primary home market, but the company has also extended
its operation to the Baltic Rim. Lannen Tehtaat has some 1,000 employees and is
listed on the Nordic Exchange in Helsinki.
To subscribe to the free
AllAboutFeed newsletter click here.