In its press release of 22 August 2019, Orkla announced that it had signed an agreement to purchase 20% of the Icelandic company Nói-Siríus HF (“Nói Siríus”), Iceland’s leading chocolate and confectionery manufacturer.
The transaction has been approved by relevant competition authorities, and was completed today. The company’s profit will be booked in Orkla’s financial statements as from 1 December 2019 as part of Profit/loss from associates and joint ventures.
Please find enclosed the press release issued 22 August 2019.
Orkla is a leading supplier of branded consumer goods and concept solutions to the consumer, out-of-home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its headquarters is in Oslo. In 2018, the Group had a turnover of NOK 41 billion, and approximately 18,500 employees as of 31 December 2018.
Oslo, 27 November 2019
VP Investor Relations
Tel.: +47 951 41 147