Orkla’s acquisition of NP Foods approved by the competition authorities
The competition authorities have approved Orkla’s purchase of NP Foods.
The agreement with Nordic Partners Food Ltd. is planned to be completed within March.
In a press release of 26 August 2014, Orkla announced that it had entered into an agreement to acquire 100 % of the shares in the companies held by Nordic Partners Food Ltd*, which is owned by the Latvian investment company Nordic Partners and the Icelandic fund BIL ehf.
The approval of the Estonian competition authorities on 12 February concludes the review of the agreement under competition law. The transaction has already been approved by the Latvian and the Lithuanian competition authorities.
*The companies held by Nordic Partners Food Ltd are AS Gutta, NP Foods SIA, AS Staburadze, AS Laima, UAB Margiris and SIA Détente.
Oslo, 13 February 2015
Group Director Corporate Communications and Corporate Affairs