Lantmännen increases its ownership in Scandi Standard

The stake is doubled from five to ten percent of the share capital.

 

At its last meeting, Lantmännen’s Board of Directors decided to increase Lantmännen’s ownership in the Nordic chicken group Scandi Standard. From previously owning five percent of Scandi Standard, Lantmännen's holding amounts to ten percent of the share capital. Lantmännen has thus today made a regulatory notice to the markets.

“This is a natural step for Lantmännen, and an important investment for us and our members. We have been a minority shareholder in Scandi Standard since the company was introduced on the stock exchange, and their operations have a clear connection to our own businesses in the grain value chain,” says Per Lindahl, Chairman of Lantmännen’s Board of Directors.

“The animal value chain is an important part of Swedish food production, and it is important for both Lantmännen and our members that we have successful companies in the industry. We want to contribute to the development of these companies, and therefore we are now expanding our holding in Scandi Standard. With increasing Swedish harvests over time, beef, pork, and chicken production are all good ways to refine and create additional value from our members' grain,” says Magnus Kagevik, Lantmännen's Group President and CEO.

 

About Scandi Standard

Scandi Standard is a leading producer of chilled, frozen and ready-to-eat chicken products. The brands Danpo, Den stolte hane, Kronfågel, Manor Farm and Naapurin Maalaiskana are available in more than 40 countries.

Read more at scandistandard.com.