Orkla ASA has yesterday after the close of the Oslo Stock Exchange entered into an agreement to sell 268 618 858 shares in Fornebu Utvikling (representing 32.4 % of the total share capital) for a price per share of NOK 2.45. Completion of the transaction is conditional upon consent from Norwegian competition authorities (Konkurransetilsynet). Orkla holds no shares in Fornebu Utvikling following the transaction.
"The sale of the shares in Fornebu Utvikling is part of Orkla`s strategy to refocus financial and managerial resources into growth within branded goods," says Orkla President and CEO Bjørn M. Wiggen.
Orkla is represented on the Board of Directors in Fornebu Utvikling by Roar Engeland
Oslo, 31 January 2012
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