Orkla's transaction in painting tools completed
In its press release of 22 January 2018, Orkla announced that it had entered into an agreement to increase its ownership to a 50% stake in the joint venture company Anza Verimex NV. At the same time, Orkla will take over 50% of the painting tool operations in PGZ International B.V. The transaction has been approved by relevant competition authorities, and was completed today. The company's EBIT result will be reported as "Profit from associates and joint ventures" in the income statement using the equity method from the date of completion of the agreement. Please find enclosed the