HKScan Corporation, Stock Exchange Release, Inside information, 7 March 2024, as at 4.45 p.m. at EET          

HKScan is in preliminary negotiations regarding the divestment of its Danish business. The company emphasises that there is no certainty regarding the outcome of these discussions or as to the terms on which any potential transaction might proceed.

The negotiations are linked to HKScan's continued assessment of its group structure and the strengthening of the balance sheet, in line with previously communicated objectives. The company reviews the positioning of its market areas as part of the Group's long term strategy with a target to grow into a versatile food company.

The company will disclose further information as and when appropriate. At the moment HKScan will not comment on the negotiations more closely.

For further information
Juha Ruohola, CEO, tel. +358 400 647 160

HKScan Media Service Desk tel. +358 10 570 5700 or email communications@hkscan.com

With 110 years of experience, we at HKScan make life tastier - today and tomorrow. Our strategic target is to grow into a versatile food company. Our home markets are Finland and Denmark, where around 3,600 of our professionals make responsible and locally produced food for consumers' varied food moments. Our well-known brands include HK®, Kariniemen®, Via® and Rose®. We are developing a more climate-friendly way of producing food. HKScan is a publicly listed company, and in 2023, our net sales from continuing operations totalled nearly EUR 1.2 billion. www.hkscan.com

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