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What Is India News Service
Monday, February 19, 2007



 

 

 

   Norwegian Orkla Buys MTR

  The USD 8.8 billion branded consumer goods, speciality materials and financial investments Norwegian company Orkla has reportedly bought out MTR Foods at a price of USD 100 million.
     
 

The USD 8.8 billion branded consumer goods, speciality materials and financial investments Norwegian company Orkla has reportedly bought out MTR Foods at a price of USD 100 million.

Orkla has a presence in bakery, seafood, pizzas, pies, taste enhancers, and snacks and markets these products through grocery chains. MTR Foods invited equity participation from Singapore-based Aquarius and US-based JP Morgan Partners. Orkla looks to leverage distribution network of MTR and also outsource manufacturing to cut costs.

 

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