AAK AB (publ.) (OM:AAK) agreed to acquire Arani Agro Oil Industries Limited on November 25, 2022. The acquisition will be consolidated upon closing and has no material impact on AAK's financials. The transaction is expected to close before the end of 2022. Nilanjana Singh and Nandan Pendsey of AZB & Partners acted as legal advisor to AAK.

AAK AB (publ.) (OM:AAK) Completed the acquisition of Arani Agro Oil Industries Limited in January 2023.