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Sale of Orkla Brands Russia now completed

Orkla Brands Russia logos

In a stock exchange notification on 29 November 2014, it was announced that Orkla has entered into an agreement to sell OJSC Orkla Brands Russia to Slavyanka-Lyuks JSC.

The Russian competition authorities approved the agreement on 29 December 2014, and the sale was completed today in accordance with the terms of the agreement. The currency risk of the sales proceeds was hedged.

In connection with completion of the transaction, the real property located in Yekaterinburg was sold to Slavyanka-Lyuks.

Orkla ASA
Oslo, 19 January 2015

Ref.:

Group Director Corporate Communications and Corporate Affairs
Håkon Mageli
Tel.: +47 928 45 828

SVP Investor Relations
Rune Helland
Tel.: +47 977 13 250