UBS has raised its target price for AAK to 375 SEK, while also reaffirming its takeover offer for the company.
AAK, also known as AarhusKarlshamn publ AB, is a Swedish holding company that specializes in refining vegetable oils for various specialty products in the food processing sector.
The company operates in three main business sectors: food ingredients, chocolate and confectionery fats, and technical products and feed.
AAK also owns a majority stake in Kamani Oil Industries Pvt Ltd., which expands its presence in the industry.