Investment company Melker Schörling has purchased 750,000 shares in AAK, a producer of plant-based specialty ingredients and the company's largest shareholder, on December 2-3. The shares were acquired at an average price of 266.16 SEK, amounting to a total transaction value of 199.6 million SEK. This information comes from the Swedish Financial Supervisory Authority's insider registry.
Melker Schörling remains the largest shareholder in AAK and now controls 30.58 percent of the company's capital and voting rights, according to the shareholder service Holdings.
AAK's stock has declined by 15 percent on the stock market so far this year.
AAK publ AB, also known as AarhusKarlshamn publ AB, is a Sweden-based holding company active primarily in the food processing sector. The Company refines vegetable oils for specialized products. The Company is organized, along with its subsidiaries, into three business segments: the Food Ingredients segment includes baking fat, dairy fat alternatives, Ice cream fats, infant formulas and oil/fats ingredients, among others; the Chocolate & Confectionery Fats segment provides chocolate and confectionery advantages, ranging from products developed for better sensory, health and longer shelf life to cost efficiency, know-how, technology and service, and the Technical Products & Feed segment includes golden wax, fatty acids, glycerin, deinking chemicals and animal feed. The Company operates Kamani Oil Industries Pvt Ltd. as a majority owned subsidiary.
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