MTR Foods sells for $100 million

Norwegian Orkla ventures into India with the acquisition of MTR Foods, providing private equity firms JPMorgan Partners and Aquarius with a profitable exit.

MTR Foods has been sold to Orkla of Norway, concluding a deal under speculation for the better part of 2006. The sale of the company for an estimated $100 million, provides a good return and exit to private equity investors, JPMorgan Partners and Aquarius India Fund.

Sources close to the deal say terms of the sale were finally agreed on February 9 at a price of around $100 million. A formal announcement, including a stock exchange filing by Orkla,...

To continue reading, please login or register for free

Click for more on: mtr foods | orkla | aquarius | jp | morgan | partners

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...