Highlight 2 May 2024

Krogerus advises HKScan on the sale of its Danish business to Plukon Food Group B.V.

Krogerus advised HKScan on the sale of the shares of its Danish subsidiary HKScan Denmark A/S to Plukon Food Group B.V. The debt-free purchase price is EUR 44.6 million.

In 2023, HKScan's Danish business had net sales of EUR 230 million, comparable EBIT of EUR 3.3 million and approximately 680 employees on average. The transaction will further change HKScan's structure and financial key figures. The transaction is expected to close during 2024 and it is subject to approval by relevant competition authorities.

The Krogerus team was led by Partner Mika Ståhlberg and he was mainly assisted by Counsel Jasmin Wardi, Senior Associate Timo Rautiainen and Associates Linda Tunkkari and Susanna Valkjärvi. Counsel Joel Kanervo assisted on financial regulatory matters. Partner Elect Pessi Honkasalo advised on carve-out and IT-related matters and he was assisted by Senior Associate Iiris Rantanen. Partner Kalle Hynönen advised on intellectual property matters and he was assisted by Associate Maria Lilius. Counsel Alina Böling and Senior Associate Eveliina Tanskanen advised on competition matters.

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