Finnish meat processor HK Ruokatalo has said it plans to increase its stake in Polish meat company Sokolow to around 33% from 21%.
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HK Ruokatalo said that the deal, which involves buying shares held by Germany’s Conrad Jacobson, is subject to a four- to eight-week approval process by Polish authorities, reported Reuters.
The Finnish firm has said it plans to raise its stake in Sokolow to a maximum of 49.9% in order to gain a foothold in the Polish market.
