Mecom to buy Orkla's stake in co, 146 mln shares placed at 68p each |
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Published
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Wed, 17 Jan 2007 17:08
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LONDON (AFX) - Mecom Group PLC, a pan-European newspaper publisher, said that, following a series of recent institutional presentations initiated by Mecom and its brokers, it has agreed an offer for Orkla ASA's shareholding in the company.Orkla's shareholding comprises some 146 million shares which have today been placed by Cenkos Securities and Numis Securities at 68 pence per share with new institutional investors and a number of existing shareholders.As a result of the placing Orkla's representative director on the board of Mecom, Roar Engeland, will resign from the board.newsdesk@afxnews.comslmCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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