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Orkla ASA ( (GB:0FIN) ) has issued an announcement.
Orkla ASA has completed the sale of its entire hydropower portfolio, including Orkla Energi AS and Trælandsfos Holding AS, to Å Energi. This strategic divestment marks Orkla’s exit from the hydropower sector, allowing the company to focus on its core consumer-oriented businesses. The transaction, which has received necessary regulatory approvals, will have accounting effects from April 30, 2025. This move is expected to streamline Orkla’s operations and potentially enhance its market positioning by concentrating on its primary business areas.
More about Orkla ASA
Orkla ASA is a leading industrial investment company focused on brands and consumer-oriented businesses. With a strategic and long-term investment approach, Orkla combines brand expertise with an investment mindset. The company is headquartered in Oslo, Norway, listed on the Oslo Stock Exchange, and reported a turnover of 70.7 billion kroner in 2024, employing approximately 19,000 people.
YTD Price Performance: 22.21%
Average Trading Volume: 328,636
Technical Sentiment Signal: Sell
Current Market Cap: NOK111.1B
See more insights into 0FIN stock on TipRanks’ Stock Analysis page.