Lantmännen ekonomisk förening signed an agreement to acquire HKScan Sweden AB from HKScan Oyj (HLSE:HKSAV) for ?60 million on December 29, 2023. The purchase price for the shares in HKScan Sweden AB amounts to ?60 million in cash as well as the A shares 6.86975 million and K shares in 0.665 million. Lantmännen will also repay an intragroup loan between HKScan Corporation and HKScan Sweden AB to the amount of approximately ?50 million. A prepayment of EUR 25 million of the purchase price will be made upon signing of the agreement. The remainder of the purchase price will be paid at the closing of the transaction. The transaction is expected to be closed in the first half of 2024 and is subject to clearance by the EU Commission and further clearance by the Swedish authorities for foreign direct investment control. HKScan?s Board of Directors will convene an Extraordinary General Meeting to confirm and approve the transaction, at which time the Board will submit to the Extraordinary General Meeting the approvals necessary to close the transaction. Mika Ståhlberg of Mika Ståhlberg acted as legal advisor to HKScan Oyj (HLSE:HKSAV). As of March 7, 2024, European Commission has approved the transaction. The transaction has expected to be completed during March, 2024. Carnegie Investment Bank AB, Finland Branch acted as financial advisor to HKScan.

Lantmännen ekonomisk förening completed the acquisition of HKScan Sweden AB from HKScan Oyj (HLSE:HKSAV) on March 27, 2024. The transaction is approved by relevant authorities.