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Orkla ASA: Agreement on acquisition of Rieber & Son
(Thomson Reuters ONE via COMTEX) --
We refer to the notice to the Oslo Stock Exchange dated 20 August 2012 regarding Orkla's acquisition of Rieber & Son.
The EU Commission has on 4 March 2013 approved Orkla's acquisition of Rieber & Son. The Norwegian part of the transaction has been transferred to the Norwegian Competition Authority and the EU Commission's conclusion therefore does not include Norway.
The Norwegian Competition Authority has notified that they need some more time, and will consequently notify the parties that intervention may take place which is a statutory requirement in order to continue processing beyond the first 25 working days. We are not aware of any circumstances that would indicate that the transaction cannot be completed.
We are working with the Norwegian Competition Authority to ensure that the matter is clarified as quickly as possible also where Norway is concerned, and hope for a clarification in the course of March. However, it cannot be ruled out that it will take a little longer due to the Norwegian Competition Authority's administrative procedures.
Orkla ASA
Oslo, 5 March 2013
Contact:
Hakon Mageli, EVP Communication and Corporate Affairs
Tel: +47 928 45 828
Anders Kalleberg, Investor Relations
Tel: +47 990 42 498
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Orkla ASA via Thomson Reuters ONE
HUG#1682972
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