KEY EVENTS IN 2024 NEW CEO OF VILOFOSS GROUP On 1 June, Dennis Jørgensen took over as the new CEO of the Vilofoss Group, the DLG Group’s vitamin and mineral business with activities and partners on several continents. With his many years of experience in the vitamin and mineral industry, Dennis Jørgensen is well-positioned to lead the company’s continued development and ensure it is in a strong position to handle future opportunities and challenges. TEAM BAU LAUNCHES SOLAR PANELS FOR INSTALLATION IN ROOFS In February, Team Bau launched a new solar cell business on the German market in collaboration with solar cell supplier Viridian Solar. The first major projects have already been realised, and there is a large demand for everything from small 5 kWp PV systems for single- family houses to large-scale systems for businesses of up to 200 kWp. DLG AND NOVO HOLDINGS ENTER INTO PARTNERSHIP At the end of June, Novo Holdings and the DLG Group joined forces in a strategic partnership to advance sus- tainable agriculture and food production. The primary aim of the partnership between Novo Holdings and the DLG Group is to scale up Sejet Plant Breeding’s existing business and invest in new technologies that can accelerate crop variety development. Moreover, the aim is to increase Sejet Plant Breeding’s market share in Europe. In the first phase, Novo Holdings has taken over 25% of the shares in Sejet Plant Breeding, which prior to the agreement was 100% owned by the DLG Group. UPDATED OWNER STRATEGY In December, at an Extraordinary Meeting, the Board of Representatives, the DLG’s highest autho- rity, adopted several amendments to the Articles of Association regarding the owner strategy for the election of owner-elected representatives in DLG and the principles of resignation. The new owner strategy, which was prepared following a workshop for the Board of Representatives in October, focuses, among other things, on the resignation principles in connection with the cessation of farming, a reduction in the number of members of the Board of Representatives (effective from the election in 2026) and the formation of a Competence Committee (see page 59). 10 DLG ANNUAL REPORT 2024 INVESTMENT IN ARGENTINA TO ENSURE RESPON- SIBLE SOY IMPORT A major investment in the Argentinian soy mill Entre Ríos Crushing S.A. will ensure the DLG Group an annual import of up to 200,000 tonnes of segregated, deforestation-free soy for the Northern European market. In addition, the investment will create greater transparency in the complex value chains and security of the supply of segregated soy, which is guaranteed to be grown on deforestation-free land. Entre Ríos Crushing S.A. is based in the Entre Ríos province north of Buenos Aires, and the investment has been made in a strategic partnership with the Argentinian agricultural cooperative ACA.
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