Grupo Lusiaves – SGPS, S.A. (NIF 507438884), based at Marinha das Ondas, Figueira da Foz, is Portugal’s largest poultry group: more than 40 companies and more than 5,600 employees in Portugal, Spain and France, founded in 1986 and chaired by Avelino Gaspar. It is the largest shareholder of Nasdaq Stockholm-listed Scandi Standard AB, the Nordic region’s leading chicken producer, with 14,065,641 shares or 21.3 percent at 31 December 2025, and its vice-president Paulo Gaspar is vice chairman of the Swedish board. In September 2026 the group kept buying shares and subscription rights through Scandi Standard’s SEK 408 million rights issue.
Lusiaves is the clearest case of Portuguese industrial capital owning a Nordic listed company. Founded in Figueira da Foz in 1986 and still controlled by the Gaspar family, the group runs an integrated poultry chain, from feed and hatcheries to processing and distribution, across more than 40 companies in Portugal, Spain and France. Its Nordic position was built on the stock market rather than through a factory: by the end of 2025 it held 14,065,641 Scandi Standard shares, 21.3 percent of the company that owns Kronfågel in Sweden, Danpo in Denmark, Den Stolte Hane in Norway and Naapurin Maalaiskana in Finland, according to the largest-shareholder table in Scandi Standard’s 2025 annual report. The next holders were Investment AB Öresund with 15.3 percent and Lantmännen with 10.6 percent.
The stake comes with governance. Paulo Gaspar, the group’s vice-president, sits on Scandi Standard’s board as vice chairman and Avelino Gaspar sits on its nomination committee. Finansinspektionen’s insider register shows the group buying steadily through 2026: 218,044 shares between January and August, then 49,385 shares and 2,202,569 subscription rights between 1 and 10 September, during the SEK 408 million rights issue that Scandi Standard raised to fund its acquisition of the Irish processor Glenhaven Foods. The issue was oversubscribed and the new shares were due to start trading on 28 September 2026.
For the corridor, Lusiaves shows Direction B at the top of the food chain: a Portuguese agri-food group with a decisive say over the Nordics’ largest chicken producer, a board seat in Stockholm and a growing stake in a Swedish rights issue. It is also a rare example of a Portuguese company whose Nordic footprint is measured in Nasdaq filings rather than export invoices, which makes it one of the most transparent corridor relationships NorthSouth HQ tracks.
September 2026: Lusiaves bought 49,385 Scandi Standard shares and 2,202,569 subscription rights between 1 and 10 September, per Finansinspektionen, while Lantmännen lifted its holding towards 13 percent; the SEK 408 million rights issue closed oversubscribed and Scandi Standard reported first-half sales of SEK 7,375 million. NorthSouth HQ covered the ownership picture on 18 September 2026.
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