Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Orkla ASA ( (GB:0FIN) ) just unveiled 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 move, finalized after regulatory approvals, marks Orkla’s exit from the hydropower sector, allowing it to focus on its core consumer brands and investment strategy. The transaction will have an accounting effect from April 30, 2025, and is expected to impact Orkla’s financials by excluding the hydropower business from its portfolio.
More about Orkla ASA
Orkla ASA is a leading industrial investment company focused on brands and consumer-oriented businesses. With 10 portfolio companies, Orkla combines brand expertise with an investment mindset, and is listed on the Oslo Stock Exchange. The company reported a turnover of 70.7 billion kroner in 2024 and employs approximately 19,000 people.
YTD Price Performance: 22.21%
Average Trading Volume: 328,636
Technical Sentiment Signal: Sell
Current Market Cap: NOK111.1B
Find detailed analytics on 0FIN stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue