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The latest update is out from Orkla ASA ( (GB:0FIN) ).
Orkla Snacks, part of Oslo-listed Orkla ASA, has agreed to sell 100% of Icelandic chocolate and confectionery maker Nói-Síríus to specialised fund manager Alfa Framtak. Nói-Síríus, founded in 1920 and employing about 116 people, is Iceland’s leading producer of premium chocolates, liquorice, and traditional sweets, deeply embedded in local culture.
The divestment follows Orkla Snacks’ strategy to sharpen portfolio prioritisation around its core “hero brands,” as Nói-Síríus, despite solid performance, was seen as a limited strategic fit and a source of structural complexity. The transaction, with an undisclosed price and subject to approval by Icelandic competition authorities, is expected to close in the second quarter of 2026, streamlining Orkla’s snacks portfolio while positioning Nói-Síríus for further growth under Alfa Framtak’s ownership.
The most recent analyst rating on (GB:0FIN) stock is a Hold with a NOK130.00 price target. To see the full list of analyst forecasts on Orkla ASA stock, see the GB:0FIN Stock Forecast page.
More about Orkla ASA
Orkla ASA is a Norway-based industrial investment company focused on brands and consumer-oriented businesses, operating 10 portfolio companies and listed on the Oslo Stock Exchange. Through Orkla Snacks, a leading player in confectionery, biscuits, and salty snacks across the Nordics and Baltics with heritage local brands, it generated around NOK 10.5 billion in turnover in 2025 and remains one of Orkla’s largest portfolio units.
Average Trading Volume: 1,572,164
Current Market Cap: NOK118.2B
For a thorough assessment of 0FIN stock, go to TipRanks’ Stock Analysis page.