February 06, 2007

05.02.2007 11:22
Orkla hikes stake in REC to 39.99 pct from 27.5 pct; rules out takeover
OSLO (AFX) - Orkla ASA (Nachrichten) said it has paid almost 6.5 bln nkr to hike its stake in Renewable Energy Corporation ASA (Nachrichten) to 39.99 pct from 27.5 pct, but that it has 'no intention' of raising its stake beyond this level, effectively ruling out a takeover attempt.