Raisio's cattle feed business transferred to the new owner

Raisio plc, Stock Exchange Release, 1 November 2018

RAISIO’S CATTLE FEED BUSINESS TRANSFERRED TO THE NEW OWNER

The divestment of Raisio’s cattle feed business to Lantmännen Agro Oy was completed, and the business transferred to the buyer on 1 November 2018. On 23 October 2018, the Finnish Competition and Consumer Authority approved the Lantmännen Agro Oy’s transaction, which was a condition for the completion of the deal.

The enterprise value was EUR 34 million. Raisio’s sales profit will be some EUR 12.5 million. After the completion of the transaction, the equity ratio of Raisio’s continuing operations will be almost 79 per cent and the balance sheet some EUR 343 million.

The divested cattle feed business included two production plants located in Ylivieska and Kouvola, as well as the brands, of which Maituri and Melli are the best-known. Raisioagro’s Benemilk licence also transferred to the buyer. The employees of the cattle feed business moved to Lantmännen as serving employees. For the time being, Raisio continues to supply feed grains to Lantmännen.

With the cattle feed business divestment, Raisio’s core business includes healthy, responsible food and fish feeds.

Raisio plc

Heidi Hirvonen
Communications and IR Manager
Tel. +358 50 567 3060

Further information:
Pekka Kuusniemi, President and CEO, tel. +358 50 537 3883

Raisio plc

Raisio is an international company specialised in healthy, responsibly produced food. Our well-known brands include, for example, Benecol, Elovena, Nalle and Sunnuntai. In Raisio’s products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio’s shares are listed on Nasdaq Helsinki Ltd. In 2017, the Group’s net sales for continuing operations totalled EUR 307 million and comparable EBIT was EUR 38 million. Our food is good for Health, Heart and Earth. For more information on Raisio go to www.raisio.com.

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Nasdaq
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