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Orkla ASA ( (GB:0FIN) ) just unveiled an announcement.
Orkla ASA has announced the sale of its entire hydropower portfolio valued at 6.1 billion kroner through two separate transactions as part of its strategy to focus on brands and consumer-oriented businesses. The sale is expected to simplify the company’s structure and is projected to result in an estimated accounting gain of 5 billion kroner, pending regulatory approval and anticipated to conclude by the third quarter of 2025.
More about Orkla ASA
Orkla is a leading industrial investment company focused on brands and consumer-oriented businesses, with a diversified portfolio including paint, food, chocolate, snacks, health, and food ingredients. In 2023, the company generated 67.8 billion kroner in revenue and operates globally with approximately 20,000 employees.
YTD Price Performance: 0.45%
Average Trading Volume: 67,162
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK99.96B
For a thorough assessment of 0FIN stock, go to TipRanks’ Stock Analysis page.
