Â We refer to earlier communications regarding the sale of Orkla's forests.
Orkla is selling the wholly-owned forest companies Borregaard Skoger AS,Â AS
BÃ¸rresen and Borregaard Vafos AS to Statskog for a total of NOK 1 725 million
after a broad process with strong competition and a number ofÂ attractive offers
.Â The sale covers approximately 1.1 million decares, of which around 750Â 000
decares are productive forest land. The transaction also encompasses Borregaard
Skoger's equity interest in Statskog-Borregaard Skogsdrift (SB Skog).
The transaction is subject to approval by Stortinget (the Norwegian
Parliament).Â Completion of the transaction also assumes approval by the
Norwegian Competition Authority.
Rune Helland, Tel: +47 22 54 44 11
Â Roar Engeland, Tel: +47Â 926 53Â 197
This information is subject of the disclosure requirements acc. to Â§5-12 vphl
(Norwegian Securities Trading Act)
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Source: Orkla ASA via Thomson Reuters ONE