Bulgaria's Viand increases stake in Svinecomplex Nikolovo

Bulgaria's Viand increases stake in Svinecomplex Nikolovo

Bulgarian pork producer Svinecomplex Nikolovo said on Thursday that local animal feed producer Viand has increased its stake in the company to 97.60%. On August 9, Viand acquired 1,133,243 shares representing ownership interest of 32.38% in Svinecomplex Nikolovo, from Luxembourg-based Westpark Financial Group, Svinecomplex Nikolovo said in a bourse filing. After the conclusion of the deal, Westpark Financial Group owns no shares in Svinecomplex Nikolovo.Viand acquired a 65.22% stake in Svinecomplex Nikolovo from local companies Pimaro Bulgaria and Hybrid in July. Pimaro Bulgaria sold a 33.06% stake in Svinecomplex Nikolovo, while Hybrid divested a 32.16% stake.Last month, Bulgaria's Food and Safety Agency said that it confirmed the presence of African swine fever in a sample from Svinecomplex Nikolovo's pig farm and all 17,000 pigs there there would be culled.

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