Orkla seeks majority in Jotun - offers to buy A shares
Orkla has sent a letter to shareholders in Jotun AS offering to buy their A shares at a price of NOK 70,000 per share. Orkla wishes to increase its exposure in its current core areas. Over a period of almost 40 years, Orkla has been an active minority shareholder, and now wishes to take part in the further development of Jotun as a majority shareholder. Orkla wishes the Gleditsch family to maintain a substantial stake and to continue the close collaboration. "Jotun is a fine company, and we have never concealed the fact that we wanted a larger stake. Should we become a majority