AAK acquires 51 percent of the shares in Kamani Oil Industries
AAK AB (publ) has acquired 51 percent of the shares of Kamani Oil Industries Pvt Ltd., one of the leading speciality and semi-speciality oils and fats companies in India.
Kamini had revenues of approximately SEK 1 billion last year, with an annual volume of 100,000 MT. The company operates out of a modern and strategically located production plant in Khopoli, which is situated 70 km southeast of Mumbai where also the company’s head office is located.
AAK is one of the world’s leading producers of high value-added speciality vegetable oils and fats with production facilities in Belgium, Colombia, Denmark, Mexico, the Netherlands, United Kingdom, Sweden, Uruguay and the USA. AAK’s shares are traded on Nasdaq Stockholm, in the Large Cap segment.
AAK was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Niklas Bogefors, primarily assisted by Erik Hensfelt. AZB Partners, Mumbai, acted as local counsel.