Orkla Group
Orkla is a Norwegian conglomerate headquartered in Oslo. The company is listed on the Oslo Stock Exchange in the OBX index.
Orkla was founded in 1654 and currently employs 30 233 people (as of 2010, except Elkem ).
The company manufactures products in many industries. The main markets are Scandinavia and Central and Eastern European countries.
Shareholder
The three largest individual shareholders Orkla ASA are Canica AS ( the family office of Stein Erik Hagen) with 14.6%, Folketrygdfondet (National Pension Fund of Norway ) with 9 % and 5 Tvist AS ( Stein Erik Hagen attributable ) with 7.5 % ( Balance at 30 December 2011). More shares are near relatives of societies Stein Erik Hagens held so that this circle are attributable to a total of more than 24 % of Orkla shares. 40% of shares are held by foreigners, especially from the United States and the United Kingdom, including in particular the American Custodian State Street Bank and Trust.
Subsidiary of Orkla Group
Food sector
- Abba Seafood
- Bakers
- Beauvais
- Chips
- Collet Pharma
- Felix Abba Felix Austria
Industry sector
- Borregaard ( Norwegian chemical company with 20 plants in 13 countries )
- Elkem ( Norwegian mining company: aluminum, silicon, Karbonitproduktion with 40 plants around the world )
- Sapa
Financial sector
- Orkla Finance ( Norwegian financial companies with investments, insurance and asset management)
- About different types of investments, the Group Orkla holds currently (as of September 2006) and investments in the Renewable Energy Corporation ( 29.74 %), FAST Search & Transfer ( 23.77 %), Rieber & Son ( 17.21% ), Storebrand ( 14.07% ), Steen & STOM ( 11.92% ) and Capio ( 5.01% ).
Media sector
Furthermore, Orkla Media was a division of Orkla, which was sold in 2006 to the Mecom Group.
The Group History
Orkla's corporate history dates back to the year 1654, when in Sør -Trøndelag, Norway, pyrite by the company Orkla. Later, copper was mined by the company, but in 1854 the copper mining was terminated. 1904 Orkla Grube- Aktiebolaget was founded by Christian Thams to operate commercial mining at Løkken Verk. For this was also the first electric railway, the Thamshavnbanen between Løkken Verk and Thamshavn built. This railway is now operated as a railway museum, as the mining operations ceased at Løkken Verk on 10 July 1987.
Orkla in 1929 was listed on the Oslo Stock Exchange and in 1931 was the blast furnace at Thamshavn, Orkanger, put into operation. 1941 Orkla diversified his company departments and locations opened in 1975 in Oslo. In 1984, Orkla Norwegian newspapers and its expansion of the corporate sector media through its subsidiary Orkla Media, which is one of the three largest Norwegian media company.
1988 merged with Orkla Borregaard the company from Sarpsborg to Orkla Borregaard merged and again in 1995 with the company Nora Industrier. Orkla has invested heavily in the food sector and acquired in the future the company Pripps from Sweden (including their shares in the Baltic Beverages Holding) and the Norwegian companies Abba Seafood and Procordia Food.
1992 Orkla acquired the hälftigen share of the publishing house Egmont - Mortensen and tied this area in its subsidiary Orkla Media a. The same thing happened in 2000 with the acquisition of the Danish media company Det Berlingske Officinale (now Berlingske Media ).
As a result of the merger of the Norwegian companies Ringnes and Pripps with the Carlsberg brewery, holding 40 % percent of the Orkla, Orkla sold its share of the brewery in 2004.
2004 acquired Orkla SladCo and 2005 Orkla acquired the Norwegian company Elkem.
2006, the subsidiary was sold to Orkla Media, run by David Montgomery company Mecom.