Changes to Kaiku’s ownership structure

Emmi is increasing its share capital in Kaiku Corporación Alimentaria in San Sebastián, Spain, by €10 million. At the same time, Basque investment company Ekarpen is taking a €6 million stake in Kaiku, thereby reducing Emmi’s stake by 2.6% to 73.5%.

In addition to Spain, Kaiku has strong bases in the growth markets of Chile and Tunisia. Kaiku is the market leader in lactose-free dairy products and chilled coffee beverages in Spain. The Group’s sales increased considerably in recent years and amounted to approximately CHF 400 million(€375 million) in 2014.

The objective of Ekarpen is to support sound companies and business projects in the Basque country in their growth and internationalisation.