Swedish Meats quiet over takeover rumours

Swedish Meats, Sweden's largest producer of processed meat, has declined to comment on a newspaper report that Finland's Atria and Dutch-German group Vion Food are the front runners in a bid to take a majority stake in the company.

Swedish Meats, which generated sales of 8.9 billion kronor last year, is keen to be part of a larger food group and gain access to a bigger market, with Atria and Vion Food seen as the favourite suitors, Dagens Industri reported on Tuesday, citing sources close to the matter.

Responding to the report, Swedish Meats issued a statement on its website saying: “We have not, and will not, make any comment about whom we are talking to regarding a future partnership.”

“We have said that we are looking for an industrial partner and that the board of Swedish Meats wants the process to be concluded by the end of the year.”

Atria, which already operates in Sweden through its Lithells unit, would also not comment on the report.