Assets of Orkla Media will not be divided

APA - Austria Presse Agentur
05-05-2006, 16:08

Warsaw (Puls Biznesu) – Norwegian Orkla chose the short list of investors willing to buy its media assets. Company wants to sell Orkla Media as a whole.

Warsaw (Puls Biznesu) – Norwegian Orkla chose the short list of investors willing to buy its media assets. Company wants to sell Orkla Media as a whole.

The board of directors in Orkla examined offers for buying Orkla Media, that owns shares in 13 regional daily newspapers in Poland and half of shares in “Rzeczpospolita”.

“There is a lot of companies interested in developing Orkla. Having analyzed initial offers we are continuing the process with fewer number of offerents, that we will invite to get learnt more about Orkla Media in order to prepare final offers”, Orkla in its communicate said.

So far Orkla considered sale of assets as a whole or in parts.

“The board of directors is for selling Orkla as a whole. Those offers were the most interesting”,  Ole Kristian Lunde, Orkla’s spokesmen said.

From unofficial information from Norwegian daily “ Dagens Naeringsliv” comes that the bidder is Norwegian editor Avishuset Dagblated. The worth of the offer is NOK 8bn. It also known, that in the Norwegian part of assets are interested two media group: A-pressen (unofficially information says that the offer is for NOK 3bn.) and the group of Norwegian newspapers such as “Adresseavisen”, “Bergens Tidende”, “Stavanger Afenblad” and “Faedrelandsvennen”.

In the group of potential buyers were companies from Island, Finland and UK. Norwegian Press has informed that Swedish Bonnier Business, owner of “Puls Biznesu” gave up. 

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Podpis: APA - Austria Presse Agentur

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Puls Inwestora / Assets of Orkla Media will not be divided