We refer to earlier communications regarding the sale of Orkla's forests.
Orkla is selling the wholly-owned forest companies Borregaard Skoger AS, AS Børresen and Borregaard Vafos AS to Statskog for a total of NOK 1 725 million after a broad process with strong competition and a number of attractive offers . The sale covers approximately 1.1 million decares, of which around 750 000 decares are productive forest land. The transaction also encompasses Borregaard Skoger's equity interest in Statskog-Borregaard Skogsdrift (SB Skog).
The transaction is subject to approval by Stortinget (the Norwegian Parliament). Completion of the transaction also assumes approval by the Norwegian Competition Authority.
Rune Helland, Tel: +47 22 54 44 11
Roar Engeland, Tel: +47 926 53 197