2013-03-05 08:34:14 -
We refer to the notice to the Oslo Stock Exchange dated 20 August 2012 regarding
Orkla's acquisition of Rieber & Søn.
The EU Commission has on 4 March 2013 approved Orkla's acquisition of Rieber &
Søn. The Norwegian part of the transaction has been transferred to the Norwegian
Competition Authority and the EU Commission's conclusion therefore does not
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
Oslo, 5 March 2013
Håkon 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.
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Source: Orkla ASA via Thomson Reuters ONE