Orkla ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Orkla ASA Updates on Acquisition of Rieber & Son ASA
Orkla ASA announced with reference to the announcement dated August 20, 2012 regarding Orkla's acquisition of Rieber & Son ASA. The EU Commission has on March 4, 2013 approved Orkla's acquisition of Rieber & Son. The Norwegian part of the transaction has been transferred to the Norwegian Competition Authority and the EU Commission's conclusion therefore does not include Norway. The Norwegian Competition Authority has notified that they need some more time, and will consequently notify the parties that intervention may take place which is a statutory requirement in order to continue processing beyond the first 25 working days. Orkla ASA announced that it is not aware of any circumstances that would indicate that the transaction cannot be completed. Orkla is working with the Norwegian Competition Authority to ensure that the matter is clarified as quickly as possible also where Norway is concerned, and hopes for a clarification in the course of March 2013. However, it cannot be ruled out that it will take a little longer due to the Norwegian Competition Authority's administrative procedures.
Latest Developments for Orkla ASA
- Orkla ASA and Norsk Hydro ASA Complete Establishment of Sapa Aluminium Joint Venture
- EU Competition Regulators Give Conditional Approval to Norsk Hydro ASA and Orkla ASA Joint Venture-Reuters
- Renewable Energy Corp ASA Announces Results of Secondary Sale of Company Shares by Orkla ASA
- Orkla ASA Divests Its Holding in VizRT Ltd
- Share this
- Digg this