Orkla Food Ingredients, part of Orkla Group, has entered into an agreement to purchase a majority stake in Greek confectionery, bakery and ice-cream business Stelios Kanakis Industrial and Commercial.
Orkla Confectionery & Snacks Latvija is boosting its cookie production with a new plant in Latvia, which will be the biggest of its kind in the Baltics and Scandinavia.
Norwegian group Orkla has expressed interest in takeovers beyond
its $1.76 billion bid for aluminium packaging manufacturer Elkem
after it reported a stronger than expected 25 per cent rise in
fourth quarter-core earnings.
Norwegian group Orkla has revised its takeover bid for aluminium
group Elkem in order to make it more attractive to shareholders,
including US metal packaging giant Alcoa.
Norwegian group Orkla has boosted its ownership in metals maker
Elkem to over 50 per cent and launched a takeover bid for the rest,
writes Anthony Fletcher.