News, 9 August 2010
The FCA today decided to commence further measures in a merger whereby HKScan Finland Oy acquires the meat processing business of Järvi-Suomen Portti Osuuskunta as well as the foodstuff production, sales and marketing business of Portti in Mikkeli. Both parties produce and sell meat, meat products and other foodstuffs to the retail trade, industrial kitchens and the industry. HKScan's subsidiary LSO Foods Oy is also active at the start of the production chain in the purchase of live animals and their subsequent slaughtering.
It will be examined during the Stage II proceedings whether the transaction shall result in the creation or strengthening of a dominant position which significantly prevents competition in the meat business. During Stage II, the FCA may approve the deal as such, impose conditions upon its approval or propose that the Market Court prohibit the deal. Under the Act on Competition Restrictions, the further proceedings may last a maximum of three months.
The decision issued by the FCA today contains several business secrets by the parties, and it may only be published when these have been removed. A public version of the decision shall be published on the FCA's web pages as soon as it is finished.