Orkla sells minority stake in food, ingredients unit
Orkla has sold a minority stake in its food and ingredients unit to a private-equity firm for an enterprise value of Nkr15.5bn ($1.4bn).
Stay updated with breaking news from Nils Selte. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Orkla has sold a minority stake in its food and ingredients unit to a private-equity firm for an enterprise value of Nkr15.5bn ($1.4bn).
Orkla is to reorganise its operations in India as part of the Norway-based group’s corporate overhaul announced last year.
Orkla has struck again in M&A, with the Nordic business pouncing on Sweden-based confectionery maker Bubs Godis.
Nordic food group Orkla has made a move to acquire Khell-Food, a ready-made sandwich business based in Hungary.
Contrary to a media report in Sweden, Orkla has denied the Nordic food group has started a sales process for its ingredients division.