Raisio plc: Raisio Group’s cooperation negotiations entirely completed

Raisio plc, Stock Exchange Release, 4 May 2018

RAISIO GROUP'S COOPERATION NEGOTIATIONS ENTIRELY COMPLETED

On Friday 4 May 2018, the Raisio Group announced the divestment of its Cattle feed business to Lantmännen Agro Oy. With the deal, Raisio has also completed the cooperation negotiations still open in terms of employments closely related to Raisioagro. As a result of the negotiations started in January 2018, a total of 22 employments will be terminated. As an interim decision for the negotiations, the company announced already in March to terminate 20 employments.

After the completion of the cattle feed business deal, Lantmännen Agro Oy will acquire Raisio’s support services. Therefore, the workforce reduction need was low for the negotiations completed today. The workforce reductions resulting from the negotiations are carried out through retirements, voluntary arrangements and redundancies, and partly through the termination of fixed-term employment contracts.

The cooperation negotiations did not concern Raisioagro’s personnel. The 76 employees of the cattle feed business will be transferred to Lantmännen Agro as serving employees when the deal is closed. The fish feed business and its personnel will continue as a solid part of the Raisio Group.

RAISIO PLC

Heidi Hirvonen
Communications and IR Manager
Tel. +358 50 567 3060

Further information:
Pekka Kuusniemi, President and CEO, tel. +358 50 537 3883

Raisio plc

Raisio is an international company specialised in healthy, responsibly produced food. Our well-known brands include, for example, Benecol, Elovena, Nalle and Sunnuntai. In Raisio’s products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio’s shares are listed on Nasdaq Helsinki Ltd. In 2017, the Group’s net sales for continuing operations totalled EUR 307 million and comparable EBIT was EUR 38 million. Our food is good for Health, Heart and Earth. For more information on Raisio go to www.raisio.com.

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Nasdaq
Key media
www.raisio.com