Helsinki / FI. (apg) The sale of the Lithuania Grain Trade business to Scandagra is now completed – as announced in December 2021 (January 2022).
On 28 December 2021, Finland’s Apetit Group has announced that its subsidiary Avena Nordic Grain has signed an agreement to sell the Baltic operations of the Grain Trade business to Scandagra Group. The sale covers the business and assets of Avena’s companies in Estonia and Lithuania.
On 11 March 2022 Apetit has announced, that the requirements of closing the sale concerning the Estonian company have been fulfilled and the transaction has been completed on 10 March 2022.
The requirements of closing the sale concerning the Lithuanian company have been fulfilled and the transaction has been completed on 31 March 2022.
It has also been decided to close the Latvian company and the business has been shut down. The Latvian company has mainly provided logistical support for wheat and oilseeds procured in Lithuania.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center