ATRIA HAS SIGNED A CONTRACT FOR ACQUIRING ESTONIAN AS VALGA LIHATÖÖSTUS Atria Group plc, the largest producer of meat products in the Baltic Area, proceeds with its Baltic plan and has today signed a contract for acquiring the entire share capital of AS Valga Lihatööstus. Final confirmation of the transaction will come when the Finnish Competition Authority approves the corporate arrangement. The statement from the Finnish Competition Authority is expected to be ready in January 2005. AS Valga Lihatööstus is the second largest refiner of beef and pork. Valga's proportion in the Estonian meat market is approximately 15 per cent, and Valga products are sold through the most important retail trade chains in Estonia. In addition, Valga also has a good position in Latvia, and it has agreements with, for example, the Latvian Rimi chain and the Finnish Citymarket chain. Valga was privatised in 1994 and since then Valga has succeeded well and gained profit. In 2003, Valga's turnover was EUR 20,9 million and its result after taxes was EUR 527,000. ATRIA GROUP PLC Seppo Paatelainen President DISTRIBUTION Helsinki Exchanges Principal media www.atria.fi
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