trending Market Intelligence /marketintelligence/en/news-insights/trending/RiKtvCHvGskPYEK-8MvYCg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Norway's Orkla completes Kotipizza acquisition

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Norway's Orkla completes Kotipizza acquisition

Orkla ASA on Jan. 17 said it completed its acquisition of Finnish pizza chain Kotipizza Group Oyj.

Orkla acquired Kotipizza with a tender offer that paid €23 per outstanding share for a total consideration of about €146.1 million. The Norwegian conglomerate purchased 762,597 Kotipizza shares or about 98.59% of the company.

The deal was announced in November as part of Orkla's strategy to invest in businesses "with faster growth than traditional grocery."

On Jan. 14, Orkla also acquired porridge rice brand Pama from PepsiCo Inc.