DOW JONES NEWSWIRES
Norwegian conglomerate Orkla ASA (ORK.OS) will discuss whether
to sell Swedish aluminum company Sapa at its board meeting
Wednesday, Norwegian business daily Dagens Naeringsliv reports
Monday.
Orkla's chairman and main owner, Stein Erik Hagen, has for a
long time wanted to sell Sapa, which has 14,000 employees,
according to the daily, which notes that a listing of Sapa may be
an alternative.
Sapa has annual revenue of nearly 28 billion Norwegian kroner
($5.16 billion).
Since last year, Orkla has sold Elkem, Borregard skoger, Orkla
Finans and most of its water power units for a total of more than
NOK20 billion.
Shares in Orkla ended Friday at NOK43.83.
Newspaper website:
http://www.dn.no/forsiden/naringsliv/article2215949.ece
-By Jens Hansegard, Dow Jones Newswires; +46-8-5451-3095;
jens.hansegard@dowjones.com