Partnership with Rhône completed
Orkla announced on 26 October 2023 that it had agreed to enter a partnership with investment funds affiliated with Rhône Capital (together with certain affiliates, “Rhône”) whereby Rhône would acquire 40% of the shares in Orkla Food Ingredients AS (“OFI”).The transaction has today been completed. The purchase price paid for 40% of the shares in OFI amounts to EUR 213.5 million (approx. NOK 2.5 billion), consisting of EUR 188.0 million (approx. NOK 2.2 billion) in cash and EUR 25.5 million (approx. NOK 0.3 billion) in interest-bearing seller credit. Following completion, OFI’s net