Atria invests in pig farming in Russia

17.12.2009 14:00
Atria invests in pig farming in Russia                                          

Atria Plc has signed a shareholders' agreement with the Danish company AS Dan   
Invest concerning pig production in Russia. Atria will have a 26 % stake in the 
Russian company OOO Dan Invest, which is the owner of two pig farms: one in     
Krasnodar and one in Tambov.                                                    

The farms' production will commence in 2010-2011 and the estimated annual       
production volume is 180,000 slaughter pigs by 2013. The value of the project is
approx. 40 million euro. Atria's investment in this project is three million    
euro plus a subsequent two million euro after a certain production volume has   
been reached. To secure its supply for locally produced pork meat Atria will    
also sign a delivery agreement with OOO Dan Invest. The transaction is estimated
to be closed in Q1/2010.                                                        

With this agreement Atria secures a better supply and higher quality of locally 
produced pork meat to its Russian customers and consumers. Modern facilities    
together with latest feeding and surveillance technology enable production of   
high quality meat raw material. The new investment will also increase Atria's   
possibilities to balance the proportion of imported vs. locally produced pork   
meat. Today Atria has one pig farm in Zaraisk, which already produces 55,000    
pigs annually.                                                                  

For further information please contact:                                         
Executive Vice President, Juha Ruohola, Atria Russia, mobile: +358 400 647160 or
+7 921 428 9287. 

Atria Plc                                                                       
Matti Tikkakoski                                                                
President and CEO                                                               

NASDAQ OMX Helsinki Ltd                                                         
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