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Thursday, 11 March 2010 02:00

Rigas miesnieks acquires Jelgava meat plant

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Meat processing company AS Rigas miesnieks on Thursday signed an agreement whereby the company acquires a controlling stake AS Jelgava meat, the butcher informs the Rigas miesnieks. The court has approved the transaction Competition Council.

Riga miesnieks plans to buy 90.85% Jelgava meat stock, BNS reported.

Thus, the number of business products group will broader and stronger, indicates Riga butcher CEO Juhan Matt. The merger is also, in his opinion, will enable more efficient use of investments made ​​by both companies tech business development. "Our goal is to consolidate its position and increase its market share," says J.Matts.

Rigas miesnieks of Riga was founded in 1922. Since 1998, the company includes HKScan group. After the company information, Rigas miesnieks's market share is 22%.

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