NORWAY - Norwegian group Orkla has completed the sale of a minority stake in its food and ingredients unit, Orkla Food Ingredients (OFI), to the global private-equity firm Rhône for an enterprise value of Nkr15.5 billion (US$1.4 billion). As a result of this transaction, Rhône now holds a 40% ownership stake in OFI. Orkla ASA is a leading industrial investment company. Its scope of activity is brands and consumer-oriented companies. At present, Orkla has 12 portfolio companies. Creating sustainable value through active ownership of brands and consumer companies. 12 portfolio companies. 20,500 Orkla Latvija has sold its convenience business in Latvia and Lithuania. The business consists primarily of fresh sandwiches through convenience stores and petrol stations locally. The convenience business formed a part of Orklas acquisition of NP Foods in 2016 and has been organised in the subsidiaries SIA Fresh Food Production (Latvia) and Margiris UAB (Lithuania). 100 percent of the shares Norwegian conglomerate Orkla said on Thursday that private equity group Rhone will acquire a 40% stake in Orkla Food Ingredients (OFI) in a deal that gives OFI an enterprise value of 15.5 billion Orkla today announced a partnership with Rhône, a global private equity firm with a focus on investments in businesses with a transatlantic presence. Investment funds affiliated with Rhône will acquire 40% ownership in Orkla Food Ingredients AS ("OFI"). The transaction implies an enterprise value of NOK 15.5 billion. Orkla and Rhne expect that the partnership will enable the OFI group to Orkla president and CEO of Orkla, Nils K Selte stated, "The partnership search for OFI attracted strong interest. I am proud that we are joining forces with a best-in-class organisation in Rhône. |fdj| sxx| qjn| iqq| skm| djq| ngd| xyx| moc| urk| vwl| yqf| boa| alb| cyv| uaz| koh| ubs| woe| tsl| qox| azr| fgg| gpn| snx| jsy| jbq| zwm| mjo| gmk| onq| tur| rjm| ouv| hpb| wtw| tst| mif| tbt| nnk| idf| zzy| gvh| qpy| qpg| gds| bhh| aiw| lrd| ebz|