Poultry company Scandi Standard's Portuguese major shareholder, Grupo Lusiaves, continues to increase its stake in the company, according to disclosures from the Swedish Financial Supervisory Authority's insider register.

The most recent purchase took place on September 19, when 7,706 shares were acquired at a price of SEK 97.91 per share, amounting to a transaction value of SEK 754,500. The deal was executed on Nasdaq Stockholm.

As of September 18, Grupo Lusiaves owned 13.74 million shares, representing 20.80 percent of the capital and votes in Scandi Standard, making it the company's single largest shareholder, according to shareholder service Holdings.

Investment company Öresund, led by Mats Qviberg, is the second largest shareholder. Together, Öresund and the Qviberg family control a larger stake than Grupo Lusiaves.