October 23, 2013

Denmark-based Dan-Invest has bought the minority share of the leading international meat processor Atria in OOO Dan-Invest, a piggery company operating in Russia.

Finland-based Atria's and Dan-Invest's holdings in the company were 26% and 74%, respectively. The deal was closed on September 30, 2013, and the holding will be transferred to the purchaser with immediate effect. The undisclosed purchase price has no major impact on the company's financial position or performance. OOO Dan-Invest has two piggeries in south-eastern Russia, one in Krasnodar and the other in Tambov.

Atria Russia's access to meat raw material will not be affected by the sale of the minority share in the piggery company. Its meat product industry uses both meats produced in Russia and imported meat.