HKScan tweaks organization in Finland

HK Scan (OMXH: HKSAV) is merging its wholly owned subsidiaries meat processer Järvi-Suomen Portti Oy, and slaughterhouse Helanderin Teurastamo Oy into HK Ruokatalo Oy, the arm responsible for the group’s industrial operations, sales, marketing, logistics and transportation in Finland, which continues as a fully owned subsidiary. HKScan promises that employees will move into the new company with existing benefits intact. The stock has recovered somewhat in the last two weeks as food processing companies have been pooled in as quality stocks despite individual differences.