Oilgas24

Home > Alternative Energy > Solar > Orkla, the brand owner, buys piece of sun in REC

Orkla, the brand owner, buys piece of sun in REC

Published Feb 5, 2007

Norwegian conglomerate, Orkla Group, fresh from its sale of newspaper holdings, is investing in Norwegian solar energy success story, Renewable Energy Corp., it was learned Monday.

After picking up 12 percent of REC shares at the weekend, Orkla says the seller, Good Energies Investment, will sell a further four percent.

The Orcla group, with its $9 billion in operating revenues, owns Elkem and over four years bought and sold Carlsberg Breweries. It’s now focused on the Nordic home market while growing in The East of Europe by owning well-known brands.

 

E-mail Print

Add a Comment

Please be civil.

( Use Markdown for formatting.)

( )

From todays news:

Bjoerge, Flowserve to propel rigs Jul 20, 2007
Oslo-based pump maker Bjoerge will enter the rig-propulsion business with U.S.-based Flowserve and a new concept to make thrusters more efficient, it was understood Friday.
Thai round attracts Salamander, Chevron Jul 20, 2007
Thailand’s latest oil and gas round has attracted 41 applications for 21 mostly landward blocks — an eclipse of last year’s interest — with local supermajor Chevron seeking out three offshore blocks, Reuters reported Friday.
Honeywell buying oil-gas automator Enraf Jul 20, 2007
Process automation company Honeywell has notched 17 percent higher net income for second-quarter 2007 year-on-year, a $611 million result that coincides with a buy-up in its process solutions unit.

More from Solar

Statoil, non-EU Norway on EU carbon panel Mar 15, 2007
A Norwegian environmental crusader and four Statoil carbon-dioxide managers will help direct the European Union’s drive to 20 percent less of the greenhouse gas from 1990 levels by 2020.
REC revenues ride solar wave for 77% gain Feb 13, 2007
Norway-based solar energy player, REC ASA, posted a 52 percent hike in fourth-quarter net profit for 2006, anothe year of staggering growth for this alternative energy industry.
Orkla, the brand owner, buys piece of sun in REC Feb 5, 2007
Norwegian conglomerate, Orkla Group, fresh from its sale of newspaper holdings, is investing in Norwegian solar energy success story, Renewable Energy Corp., it was learned Monday.
Nov 20, 2008 + 1 GMT
Full Feed
Podcast
© 2007 Oilgas24.com
t