The sale is part of a long-term partnership between one of Finland’s biggest forest owners and the investment group, as the country sees increased demand for wood-based products.
MEPs demand clarity on the move, which has also been criticized by industry and investors, as UK secretary of state Michael Gove identifies gene editing as key for future farming.
The investment from the €225m Cerea Capital II fund to acquire a majority stake in ICKO will enable the beekeeping equipment supplier to expand globally and extend its research and development operations.
The facility will enable the expansion of the group’s sunflower oil and renewable energy production and improve agri-infrastructure in its home country.