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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 |
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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