Key Developments: AarhusKarlshamn publ AB (AAK.ST)

AAK.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Melker Schorling AB Acquires United International Enterprises Limited's Entire Holding In Jointly Owned BNS Holding AB; United International Enterprises Limited Acquires Stake in Aarhuskarlshamn AB
Friday, 20 Jul 2012 08:30am EDT 

Melker Schorling AB announced that it has entered into an agreement with United International Enterprises Ltd (UIE) to acquire UIE's entire holding in the joint holding company, BNS Holding AB (BNS). BNS was hitherto jointly owned by Melker Schorling (58.5%) and UIE (41.5%). BNS in turn owned 40.4% of the shares and votes in AarhusKarlshamn AB (AAK). As part of the transaction BNS transfers 2,193,406 shares, representing approximately 5.4% of AAK to UIE, which means the remaining holdings of BNS in AAK about 35%. All parts of the transaction are made at the price of SEK 217.50 per AAK share. Overall, the agreement means that Melker Schorling increases its ownership in AAK from about 23.6% to 35% for a down payment of about SEK 1.01 billion. The parties' combined holdings in AAK is unchanged at 40.4%. As part of the agreement, UIE also subscribed shares in a private placement of Melker Schorling for SEK 230 million, equivalent to 1,352,941 new shares and 1.14% of the capital. The subscription price is SEK 170 per share which is in line with current net asset value. The reasons for deviating from the shareholders preferential rights is that the share issue is part of Melker Schorling's acquisition of UIE's holding in BNS. The new issue represents a share capital increase of approximately SEK 31,473. After the issue, the total number of shares and votes in Melker Schorling is 118,481,831.  Full Article

Aarhuskarlshamn AB and L’Oreal Sign Agreement to Develop Sustainable Trade of Shea Kernels
Wednesday, 11 Jul 2012 05:00am EDT 

Aarhuskarlshamn AB (AAK) announced that AAK and L’Oreal have signed an agreement to develop the trade of shea kernels targeting to improve the volumes and the quality of the raw material and to secure improved living conditions for women in Burkina Faso, West Africa. The agreement is linked to an initiative that AAK announced earlier in 2012, which will triple the Company’s activities to include more than 30,000 women in Burkina Faso. AAK and L’Oreal have had a dialog on how to develop the shea trade and improve the situation for the women in West Africa. L’Oreal will now support AAK’s program and will be the receiver of the shea emanating from the project until at least 2014.  Full Article

Aarhuskarlshamn AB Acquires Crown-Foods A/S
Thursday, 31 May 2012 08:20am EDT 

Aarhuskarlshamn AB announced that it has acquired Crown-Foods A/S. Crown-Foods is a Scandinavian market producing sauces and dressings for Food Service customers. Terms of acquisition were not disclosed.  Full Article

Aarhuskarlshamn AB Acquires Oasis Food Company
Friday, 25 May 2012 05:00am EDT 

Aarhuskarlshamn AB announced that it is acquiring Oasis Foods Company. Oasis provides such products as edible oils, margarine, spreads, shortenings, vinegars, mayonnaise and sauces. Founded in 1975, the company employs approximately 160 people at Hillside, New Jersey, United States and had revenues of approximately SEK 925 million in fiscal year 2011. The acquisition is effective as of May 25, 2012. Financial terms of the transaction were not disclosed.  Full Article

Aarhuskarlshamn AB Appoints Peter Korsholm as New CFO to Replace Anders Bystrom-COMPLETE STORY
Thursday, 24 May 2012 03:30am EDT 

Aarhuskarlshamn AB announced that Peter Korsholm is appointed as CFO (Chief Financial Officer) of AarhusKarlshamn AB and member of the AAK Executive Committee as of June 1, 2012. He will replace Anders Bystrom as CFO.  Full Article

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