Following Smithfield's acquisition of Morliny, Danish Crown circles over Sokołów

The president of Danish Crown, the largest European meat processing company and the world's largest meat exporter, Kjeld Johannesen and the president of Finland's HK Ruokatalo, Simo Palokangas are in the process of forming a joint venture with the aim to take over Sokołów, a leading domestic company from the same sector. Danish Crown Currently controls a stake of 23.4% in Sokołów while HK Ruokatalo has another 31% of the capital. "Sokołów is a leader on the Polish meat market. The company has a very good management board, modern technologies and low production costs," announced Johannesen. The consortium is currently awaiting a decision from the Securities and Stock Exchange Commission concerning permission to increase its financial engagement in the company. However, the investors emphasize that the decision concerning the purchase of additional shares will depend on their price, as according to them, the market value is currently too high. (Puls Biznesu, p. 6; Parkiet, p. 3) A.K.