Jotun Will Block Orkla Bid for Majority Control

Paints firm Jotun AS will rebuff a $933 million bid for majority control from industrial conglomerate Orkla (Oslo), according to Bloomberg (New York) reports. Orkla, which already holds a 38% stake in Jotun, says the paints and coatings is a sector well-aligned with its industrial strategy and that there are “good examples of synergies” between the two...

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