HKScan has signed an agreement to sell its 50 percent holding in Saturn Nordic Holdings to Danish Crown, the joint owner of the company, for Euro 180 million (US$248 million).


Saturn Nordic Holding, established in 2004 with Danish Crown, holds 100 percent of the shares in Polish meat processing company Sokolow. HKScan will no longer hold an indirect stake in Sokolow, which has been its joint venture in Poland; however, it will retain its wholly owned Polish subsidiary, HKScan Poland.