Orkla ASA (GB:0FIN) has released an update.
Orkla ASA has divested Lilleborg AS, a leader in the Norwegian B2B cleaning solutions market, to Solenis for 600 million NOK, estimated to net Orkla a gain of 475 million NOK. This move aligns with Orkla’s strategic shift toward becoming an industrial investment entity, aiming for a more streamlined portfolio. Solenis, a global specialty chemicals manufacturer, expects the acquisition to enhance cross-selling opportunities, leveraging Lilleborg’s expertise in the water treatment sector.
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