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AAK Arawak

55.50
0.00 (0.00%)
20 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arawak LSE:AAK London Ordinary Share JE00B2QY9G86 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 55.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

AarhusKarlshamn Buys Turkey's Unipro from Unilever

26/07/2013 8:42am

Dow Jones News


Arawak (LSE:AAK)
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Swedish vegetable oils and fats firm AarhusKarlshamn AB (AAK.SK) said Friday it has bought Turkish oil and fat supplier Unipro from Unilever N.V. (UN) for an undisclosed sum in order to boost its presence in growth markets.

 
   MAIN FACTS: 

-Founded in 1990 and located in Istanbul, Unipro employs approximately 37 people and had revenues of approximately SEK700 million in 2012.

-In connection with the acquisition, AAK has entered a five years toll manufacturing agreement with Unilever relating to the supply of Unipro products.

-"This is AAK's next step in its strategy of increasing focus on growth markets," Torben Friis Lange, Senior Vice President AAK, said.

-The impact on AAK's 2013 operating profit is expected to be limited.

-At 0710 GMT, shares in AarhusKarlshamn were up 0.8% at SEK374 against a 0.3% rise in the wider Stockholm market.

Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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