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Shipping, shipbuilding, offshore news On Tuesday, Orkla ASA disclosed that it had received a warning from Roekke's Norway Seafoods Holding (NWSH) that "there is a possibility that the loan granted to the company by Orkla will not be repaid when it falls due on September 30, 2003. Orkla has written to the Board of Directors of NWSH emphasizing that Orkla expects the remainder of the loan to be repaid on the due date Orkla has the right to sell Kjell Inge Roekke's personal assets for that part of the loan that is eventually not met," Aftenposten reports the notice as saying. marinelog.com /DOCS/NEWSMMIII/MMIIISept26.html   (287 words)

[No title] Orkla was the driving force behind the creation of NetCom with 67% share of ownership during the start-up phase following the awarding of the licence in 1991, and should thus be recognised as the “anchor” in the only project of this nature ever done in Norway. In addition to this, Orkla is a co-owner of and an active participant in Telia Overseas AB, which is responsible for Telia’s mobile telephony projects outside Europe and the USA Just as important as TMT industry expertise in a UMTS project, is expertise as a content supplier. Orkla and the rest of the consortium have, as far as we can see, the necessary qualifications to be able to quickly develop the income side of a UMTS licence via a significant network of its own and associated companies. www.npt.no /pt_internet/eng/consultations/frequencies/3G/summary/orkla.doc   (2817 words)

Orkla ASA carries out compulsory acquisition of shares in Elkem ASA 13.04.2005: Orkla ASA ("Orkla") has on 12 April 2005 resolved to carry out a compulsory acquisition of all shares in Elkem ASA ("Elkem") that were owned by other shareholders than Orkla. Following completion of the mandatory offer to acquire all shares in Elkem and subsequent acquisitions, Orkla had a total holding of 48,279,647 shares in Elkem per 12 April 2005, corresponding to approximately 97.97% of the shares and votes in the company. Based on this the Board of Directors of Orkla resolved on 12 April 2005 that Orkla shall carry out a compulsory acquisition of all shares in Elkem owned by other shareholders than Orkla in accordance with section 4-25 of the Public Limited Companies Act. cws.huginonline.com /O/111/PR/200504/988990_5_1.html   (429 words)

Trade subject to notification Orkla ASA / Elkem ASA The shares, which were owned by Elkem ASA before 10 January 2005, constituted Elkem ASA's total holding of Orkla shares. Since this is an internal transaction within the Orkla Group, it entails no change in Orkla's (including its subsidiaries') holding of Orkla shares, which still totals 6,362,677 shares. Orkla has also an exposure through a cash-settled financial derivative of 450,000 underlying shares in the hedge position related to the remaining 448,500 synthetic options of cash bonus programme. cws.huginonline.com /O/111/PR/200503/983913_5_1.html   (147 words)

Orkla Annual Report 2002: The Board of Directors of Orkla ASA   (Site not responding. Last check: 2007-10-29) Orkla Annual Report 2002: The Board of Directors of Orkla ASA Mr Odfjell is Chairman of the Boards of NERA ASA and Star Shipping AS and Deputy Chairman of the Boards of Amersham Plc and Det norske Veritas. Chairman of the Boards of Gardena AG and Konecrane International OY, Deputy Chairman of the Boards of Alfa Laval AB, Dynea Oy, Sydsvenska Kemi AB (Perstorp) and the German-Swedish Chamber of Commerce, and member of the Board of the Finnish-Swedish Chamber of Commerce. www.orkla.no /aarsrapp/engelsk/governance/boardofdirectors   (780 words)

ClearStation : News Articles : AA Orkla said it had received new acceptances from Elkem shareholders with 0.21 percent of the shares, nudging its holdings in the Norwegian group to 50.45 percent. Orkla won 50.03 percent control of Elkem in January and launched a mandatory offer for all outstanding shares in the metals group, which is the world's biggest producer of silicon metal and a medium-sized producer of aluminium. Orkla initially bid 235 crowns ($38.12) per share and later sweetened the deal by one crown after charges it had favoured three Norwegian institutions by guaranteeing them more money if it bought or sold Elkem shares at a higher price before March 2006. clearstation.etrade.com /cgi-bin/bbs?post_id=6405691   (452 words)

Orkla Annual Report 2003: Note 4 for Orkla ASA As part of its offer of employment in 2001, Orkla’s Board of Directors decided to give Mr Jebsen a bonus programme that is linked to the performance of the Orkla share. Under this programme, for four years as from 2001 Mr Jebsen has been awarded the right to the increase in value of 75,000 Orkla shares in excess of 110 % of the market price on the day after the results for the year are published. If the employment contract is terminated by Orkla, or if Mr Jebsen, by mutual agreement, terminates the employment contract in the best interests of the company, Mr Jebsen will retain his salary for 1 1/2 years after the period of notice. www.orkla.no /aarsrapp/2003/engelsk/3g_4.html   (632 words)

Employee share ownership and stock options on the increase The boards of directors of Orkla ASA decided in 1999 to offer Orkla shares at a 20% discount to all the company's employees in Norway and those of its subsidiaries in Denmark, Finland and Sweden- a total of 18,850 people. Orkla is one of the largest listed companies in Norway, with core businesses of branded consumer goods, chemicals and financial investments. Orkla aims to continue this programme in the years ahead. www.eiro.eurofound.eu.int /1999/12/feature/no9912169f.html   (1031 words)

Orkla ASA - The Orkla group   (Site not responding. Last check: 2007-10-29) Orkla operates in the branded consumer goods, speciality materials and financial investment sectors. Pro forma Group operating revenues totalled NOK 56 billion in 2004. If you experience problems, please upgrade your Windows media player. www.orkla.com   (79 words)

Business finance news - currency market news - online UK currency markets - financial news - Interactive Investor The presentation was held in connection with news out this morning that Orkla increased its total shareholding in Elkem to 50.03 pct and that it will make a mandatory offer for the remaining shares in the group, subject to the approval of shareholders at a Jan 13 meeting. Orkla also said it will group Elkem with Borregaard in the new Speciality Materials business area, which will have annual sales of around 26 bln nkr. Dagens Naeringsliv said Orkla's Jebsen will get in contact with the Alcoa management today to inform the US group that Orkla is now the largest shareholder in Elkem and that it will launch an offer for the remaining shares in Elkem. www.iii.co.uk /news?type=afxnews&articleid=5163917&subject=companies&action=article   (391 words)

Change in shareholder structure - Mamut Software Ltd   (Site not responding. Last check: 2007-10-29) At an extraordinary Annual Meeting in Northzone II AS on August 19th, it was decided that the company’s shares in Mamut ASA will be distributed pro rata between the shareholders of Northzone II AS. The 3,461,358 shares in Mamut ASA are distributed to, among others, shareholders A. Wilhelmsen AS, Orkla ASA, Conti AS, Høegh Capital Partner and Armadillo AS. Orkla will be the fourth largest shareholder in Mamut with over 5 per cent of the total share capital, says Espen Skadal, Investment Analyst in Orkla ASA. www.mamut.com /in/det.asp?id=3915   (361 words)

Hagen buys more Orkla Hagen, the largest private shareholder in Orkla, added shares worth over NOK 320 million (USD 52.6 million) to his stake. Orkla already controls 50.03 percent of Elkem but its takeover bid hinges on whether Alcoa, the second biggest shareholder with a 46.5 percent stake, accepts or rejects the offer. Alcoa protested to the Oslo bourse in February, saying that regulators should not have approved Orkla's takeover bid for Elkem because a cash supplement was too low. www.aftenposten.no /english/business/article998938.ece?service=print   (291 words)

Bloomberg.com: Europe Orkla is using some of the $2.6 billion it got last year for its 40 percent stake in Carlsberg Breweries to oust Pittsburgh- based Alcoa, which holds about 46 percent of Elkem. Orkla slid 0.5 krone, or 0.3 percent, to 199 kroner. Orkla plans to include Oslo-based Elkem in a specialty materials business area along with its chemicals unit Borregaard to take advantage of similarities between the two companies, Jebsen said. www.bloomberg.com /apps/news?pid=10000085&sid=aWF2K5vGrsUI&refer=europe   (569 words)

Orkla ASA It looks at the amount of labor required to operate Orkla ASA and the resulting return on human investment. What are the average sales and net profits per employee in Orkla ASA compared to benchmarks from the same economic sector. For each part of the financial statement, the larger structural differences and gaps between Orkla ASA and the global benchmarks are provided with summary tables of ranks and percentiles. www.icongrouponline.com /pr/Orkla_ASA_NO/PR.html   (662 words)

American Metal Market: Orkla gets Oslo ultimatum: bid for Elkem or sell shares - Oslo Stock Exchange; Orkla A/S ... The exchange also appeared to agree with Pittsburgh-based Alcoa Inc.'s assessment that Orkla and its associates were operating in tandem to keep it from gaining control of Elkem and to artificially inflate the share price. Orkla has gone on record as saying it doesn't want control of Elkem, while Alcoa previously launched its own bid to take total control of the company. If Orkla were to make a low bid, it could be accused of hypocrisy as it previously criticized Alcoa for making what it termed an inappropriate bid, analysts told AMM, but if it made a high bid it risks being left with a company in which it has no interest in controlling. www.findarticles.com /p/articles/mi_m3MKT/is_2002_Dec_19/ai_95613384   (523 words)

SladCo. Orkla buys russian confectionary Co, <P>STOCKHOLM (Dow Jones)-Norway’s Orkla ASA (ORK. OS) ...   (Site not responding. Last check: 2007-10-29) «This investment is in line with Orkla’s strategic long-term commitment to expand in Russia and Ukraine. SladCo is successful in a very important category to Orkla and provides a platform for further development in the Russian market,» said Haakon Chr. Andersen, director of Orkla’s activities in Russia and Ukraine. www.sladco.com /press-centre/press/993.php   (279 words)

Orkla ASA information and related industry information from Hoover's Orkla traces its history to the 17th century Norwegian pyrite mining industry. Mining was its main focus until the 1980s, when Orkla began a series of mergers and acquisitions that have transformed it into what is now: a major producer of consumer products, publishing, and chemicals in the Nordic region. Orkla also manufactures wood-pulp-based thickeners and dispersing agents used in the building supply, food, and textile industries. www.hoovers.com /orkla/--ID__107086--/free-co-factsheet.xhtml   (390 words)

Orkla Exolon   (Site not responding. Last check: 2007-10-29) That means that Orkla Exolon becomes a wholly-owned subsidiary of Washington Mills. Williams stated that “We look forward to having Orkla Exolon as a full-fledged member of the Washington Mills family. Orkla Exolon has a well-deserved reputation as an innovative producer of high quality Silicon Carbide for use in the photovoltaic and semi-conductor industries as well as many other demanding industries. www.orex.no /index.php?category=10   (438 words)

Norway's Orkla Group Reports 2Q Profit - Forbes.com   (Site not responding. Last check: 2007-10-29) The Orkla ASA media, food, metals and chemicals group, on Wednesday reported a sharp increase in profits and sales for the second quarter, due to a period of major expansion. Orkla shares declined by nearly 2 percent, to 254 kroner (US$39.93,euro32.29), in morning trading on the Oslo stock exchange. Orkla is expanding in the Nordic and Eastern European markets, and is the second-largest private media concern in Norway, with stakes in Norwegian, Swedish, Danish, Polish, Lithuanian, Ukrainian and other newspapers, magazines and media enterprises. www.forbes.com /home/feeds/ap/2005/08/10/ap2176924.html   (570 words)

Alcoa to cut 2,000 jobs; sell stake in Norway’s Elkem ASA - March 24, 2005   (Site not responding. Last check: 2007-10-29) Alcoa also said Tuesday that it has agreed to sell its 46.5 percent stake in Norwegian metals company Elkem ASA to another Norwegian firm, Orkla ASA. Orkla, an Oslo-based chemicals, food, media and investment firm, increased its holdings in January to a controlling 50.3 percent stake in Elkem, and launched an offer to buy all remaining shares. Alcoa also has a jointly owned anode plant under development to serve the smelters as well as Alcoa’s greenfield Icelandic smelter that is set to begin production in 2007. www.dailyitem.com /archive/2005/0324/biz/stories/06biz.htm   (555 words)

Orkla ASA - Article of association Orkla ASA is a public limited company with a share capital of NOK 1,301,788,712.50 consisting of 208,286,194 fully paid-up shares, each of the par value of NOK 6.25. An Ordinary General Meeting shall be held each year before the end of the month of May. It shall be held in Sarpsborg, but may be held in Oslo if a resolution to this effect is adopted by the General Meeting or by the Board of Directors. approve the annual accounts and annual report for Orkla ASA and the Group, including the payment of a dividend by Orkla ASA. www.orkla.com /eway/default0.asp?pid=220&oid=0&trg=LeftPage_4408&MainPage_4360=4408:0::0:0:0:4360;::0:0:0&LeftPage_4408=3004:22032::0:4412:8:4360;4408;::10:0:0   (1416 words)

amcham.no - American Chamber of Commerce in Norway Alcoa announced that it would tender its minority stake in metals maker Elkem ASA to Orkla ASA for about $870 million and announced plans to cut 2,000 jobs over the next year as part of a restructuring. The company also said it expects to incur after-tax restructuring charges of $20 million to $25 million in the first quarter. Orkla won 50.03% control of Elkem in January and launched an offer for all outstanding shares in the metals group, which is the world's biggest producer of silicon metal and a medium-sized producer of aluminum. www.am-cham.com /news/news.asp?id=1747   (185 words)

Oslo Børs :: Selskapsmeldinger   (Site not responding. Last check: 2007-10-29) The Annual General Meeting of Orkla ASA was held on Thursday, 14 April 2005 in Oslo. `The General Meeting of Orkla ASA hereby authorises the Board of Directors to permit the company to acquire shares in Orkla ASA with a nominal value of up to NOK 112,500,000 divided between a maximum of 18,000,000 shares. Furthermore, the Nomination Committee shall present proposals to the shareholder-elected members of the Corporate Assembly regarding their election of members of the Board of Directors, and to the Corporate Assembly regarding its election of the Chairman of the Board of Directors. www.newsweb.no /index.asp?melding_ID=106311   (471 words)

Industri Kapital Norsk Hydro ASA and Orkla ASA, the two largest shareholders of Dyno ASA, which own 38.1 and 18.1 per cent of the shares respectively, have irrevocably undertaken to accept the Offer. The Board of Directors and the Corporate Management of Dyno ASA have informed Industri Kapital that they are positive to the Offer and that the Board of Directors unanimously will recommend that the shareholders accept the Offer. This Offer will also be valid to investors who acquire shares in Dyno ASA during the offer period from 8th to 22nd December, 1999 (the “Offer Period”). www.industrikapital.com /templates/press.aspx?id=2273   (778 words)

[No title] (17.10.2005) The board of directors of Orkla ASA has resolved to continue developing Elkem and Sapa as members of the Orkla group. (28.04.2005) The board of directors of Orkla ASA approved on 27 April Elkem’s decision to implement the hydropower development at AS Saudefaldene. Orkla’s acquisition of a majority shareholding in Elkem – statement from Elkem’s union officials www.elkem.com /hits/elkempub.nsf/AllById/5BE98D4AB01CEAB7C1256D95003BE056?OpenDocument   (837 words)

Orkla Annual Report 2003: Note 6 for Orkla ASA Orkla Annual Report 2003: Note 6 for Orkla ASA The most important indirectly-owned subsidiaries are shown in the company overview at the end of the annual report. © Orkla ASA - phone +47 22 54 40 00 - fax +47 22 54 44 90 - email info@orkla.no - www.orkla.com - Back to top www.orkla.no /aarsrapp/2003/engelsk/3g_6.html   (90 words)

Press Room Story StepStone ASA today announced that, following his acceptance of a new position at Enskilda Securities, the leading Nordic investment bank, Tom Vidar Rygh has resigned from his non-executive position on the board of StepStone ASA. Tom Vidar Rygh joined the board of StepStone ASA in February 2000 when he served as Executive Vice President and as a member the Executive Group Management at Orkla ASA. Orkla ASA is one of StepStone's lead investors and currently holds 9.3% of the shares in StepStone ASA. www.stepstone.com /ir/finance_detail.cfm?aid=27   (129 words)

Jaakko Pöyry Group - Press releases and publications - Press releases - Press releases 1999 Jaakko Pöyry Oy, a Jaakko Pöyry Group company, and Orkla ASA have reached an agreement according to which JP Engineering AS, a well-established Norwegian forest industry engineering firm, will become a wholly owned subsidiary of Jaakko Pöyry Oy. According to the agreement, Orkla ASA will sell its 45% shareholding in JP Engineering AS to Jaakko Pöyry Oy. Orkla ASA will in the future concentrate its business activities on its core competences, so the acquisition fits well into Orkla's strategy. www.poyry.com /press/press_1_99.html?Id=hex_940491089.html   (245 words)

Carlsberg - About Us - Press Release   (Site not responding. Last check: 2007-10-29) This development is highly significant for Carlsberg A/S since it elevates the company’s position within the international beer market and gives it added strength in one of its key regional markets, namely the Nordic countries, the Baltic states and Russia. Equally importantly, this development is the direct result of the recent changes to the statutes of the Carlsberg Foundation which were approved in April and which opened the way for the international beer business of Carlsberg A/S to enter into partnerships with other brewers. Orkla's beverage activities include AB Pripps Bryggerier in Sweden (100% owned), Ringnes A.S. in Norway (100% owned) as well as BBH, Baltic Beverages Holding (50% owned) and Rent a Cooler (100% owned). www.carlsberguk.co.uk /about_our_company/press_detail.asp?PressID=26   (299 words)

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