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Denmark’s two cooperative slaughterhouse companies have agreed to combine their activities in a joint company.
Tican has been looking to find an economic business partner for some time, and that is the background to the decision. At Danish Crown, the decision was reached after consulting with both Danish and foreign competition experts.
Both Tican and Danish Crown are international businesses generating most of their revenue outside Denmark, and a significant part outside the EU. Even following the Danish merger, the merged business is still a small player on the European market.
Assuming the merger is approved, Tican’s cooperative members will join the new company on an equal footing with Danish Crown’s members. During the first two years, differences in equity and earnings between the two companies will then be evened out.
The merger of the two companies is conditional upon approval by an extraordinary general meeting in Tican and by an extraordinary meeting of the Board of Representatives in Danish Crown at the end of March.
The decision is also conditional upon approval by the relevant competition authorities.
Tuesday February 24, 2015/ Danish Crown-Press Release/ Denmark.
http://www.danishcrown.dk/