Vinge has advised Lantmännen co-operative association in connection with the sale of Kronfågel to a newly-formed company which will become the Nordic region’s leading poultry producer and in which Lantmännen will remain a stakeholder with 48% of the voting capital.
The new group, which will be jointly owned together with the British private equity company, CapVest, will consist of Kronfågel, Swehatch and Skånefågel in Sweden, Danpo in Denmark and Cardinal Foods in Norway and will have an annual turnover of approximately SEK 5.4 billion. The transaction is subject to approval by the relevant competition authorities in Denmark, Norway and Sweden.
Vinge’s team consisted of responsible partner Christina Kokko together with associates Paul Dali, Johan Mattsson, Mia Örnfeldt, Gustav Jönsson and Filip Öhrner as well as Fredrik Gustafsson (employment and pensions), Karin Isacson (employment and pensions), Johan Cederblad (environmental and permit issues). Partner Mikael Ståhl and associates Louise Brorsson Salomon, Sofia Graflund and Albert Wållgren advised on external financing issues relating to the new group.