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 ASAOslo, 19 January 2015
Group Director Corporate Communications and Corporate Affairs
Håkon MageliTel.: +47 928 45 828
SVP Investor Relations
Rune HellandTel.: +47 977 13 250