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WKB Advises Orkla on Sale of 40% Stake in Orkla Food Ingredients to Rhone

WKB Advises Orkla on Sale of 40% Stake in Orkla Food Ingredients to Rhone

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WKB Lawyers, working alongside Norway-based Advokatfirmaet Wiersholm, has advised Orkla on the sale of a 40% stake in Orkla Food Ingredients to Rhone. Norway's Thommessen reportedly advised Rhone.

Orkla is an industrial sector company operating in areas such as paints and coatings, food, sweets, and snacks. Orkla Food Ingredients is a capital group operating in the production and distribution of a wide range of semi-finished food products.

Rhone is a private equity firm focusing on investments in global enterprises.

According to WKB, Rhone acquired 40% of shares in “Orkla Food Ingredients based on the valuation of Orkla Food Ingredients at approximately NOK 15.5 billion (approximately PLN 5.8 billion).”

The WKB team included Partner Jakub Jedrzejak, Counsels Wojciech Kulczyk, Agata Mietek, and Piotr Gajek, Attorneys at Law Sebastian Wozniak, Piotr Popielarski, Marta Czarnecka, and Tomasz Feliszewski, and Lawyers Ryszard Rutkowski, Mateusz Malinowski, Marcin Lorenc, Aleksander Zielinski, Klaudia Radwanska, Malgorzata Skorska, Paulina Wolszczak, Marika Olczykowska, Maciej Gniewosz, Joanna Staroszczyk, Katarzyna Wojcikowska, Martyna Jarosik, and Magdalena Zielinska.

Editor's Note: On November 23, 2023, Wolf Theiss announced it had advised Orkla on the transaction as well. The firm's team included Slovakia-based Partner Bruno Stefanik, Counsel Zuzana Hodonova, Senior Associate Vladimir Simkovic, and Associates Jozef Vircik, Kristina Semanska, Miroslav Michler, Peter Dibala; and Viktoria Achbergerova; Hungary-based Partner Janos Toth, Senior Associate Peter Ihasz, and Associate Dorottya Mercsek; and Czech Republic-based Counsel Tereza Naucova, Senior Associate Michal Matous, and Associate Kamila Webb.