Nordic Business Report-July 25, 2006-Orkla ASA signs final agreement to sell Orkla Media to Mecom Group Plc
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The Norwegian multi-sector group Orkla ASA announced on Tuesday (25 July) that it has signed the final agreement to sell its media operations, Orkla Media, to the United Kingdom based group Mecom Group Plc.
The sales price amounts to NOK7,550m, of which NOK5,608m will be paid in cash.
The transaction is expected to be completed in September.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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