In a statement to the Helsinki stock exchange, meat processing company HK Ruokatalo has said that its acquisition of the remaining minority stake in Rakvere Lihakombinaat is progressing as planned.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Rakvere has submitted an application to the Estonian Central Depository of Securities (ECDS) for the transfer of minority shares to Ruokatalo – who already holds a majority stake in the company.


Ruokatalo is acquiring the shares held by minority stockholders for EEK45.40 (US$3.72) per share.


Rakvere’s minority stakeholders decided to accept Ruokatalo’s buyout offer in mid-July. In order to take 100% ownership of Rakvere, Ruokatalo is purchasing 1.6m shares at a total cost in excess of EUR4.5m.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now