Orkla ASA Completes Sale of Hydropower Portfolio

The latest update is out from Orkla ASA ( (GB:0FIN) ).

Orkla ASA has finalized the sale of its entire hydropower portfolio, with Sarpsfoss Limited being acquired by Hafslund AS and Svartisen Holding AS. This transaction, which includes river power production assets in Sarpefossen and Mossefossen, has been completed following regulatory approvals and will impact Orkla’s accounting from April 1, 2025. The sale aligns with Orkla’s strategic focus on its core brands and consumer-oriented businesses, potentially enhancing its market positioning by reallocating resources.

More about Orkla ASA

Orkla ASA is a leading industrial investment company focusing on brands and consumer-oriented businesses. It operates with a strategic, long-term investment approach, combining brand expertise with an investment mindset. Orkla 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: 14.10%

Average Trading Volume: 175,616

Technical Sentiment Signal: Strong Sell

Current Market Cap: NOK112B

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