Orkla to sell stake in Food Ingredients, valuing unit at $1.4 bln

Orkla ASA

26/10/2023 06:01

OSLO, Oct 26 (Reuters) - Norwegian conglomerate Orkla
 ORK.OL  said on Thursday that private equity group Rhone will
acquire a 40% stake in Orkla Food Ingredients (OFI) in a deal
that gives OFI an enterprise value of 15.5 billion Norwegian
crowns ($1.38 billion).

($1 = 11.2376 Norwegian crowns)

 (Reporting by Terje Solsvik, editing by Anna Ringstrom)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70;))