Orkla ASA divests holding in UK media group Mecom Group Plc
Nordic Business Report-January 18, 2007-Orkla ASA divests holding in UK media group Mecom Group Plc
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Norwegian consumer goods, materials and investment group Orkla ASA said on Wednesday (17 January) that it has divested its 19.97% holding in the United Kingdom-based media group Mecom Group Plc.
Orkla sold its 146m shares at GBP0.68 per share, booking a profit of approximately NOK300m.
Orkla, headquartered in Oslo, Norway, operates in the branded consumer goods, speciality materials and financial investment sectors, and reported revenues of NOK55bn in 2005. Orkla is listed on the Oslo stock exchange and traded under the ticker ORK.
One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK).
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