1 Min Read
OSLO, July 10 (Reuters) - Norwegian consumer goods maker Orkla's Chief Executive Peter Ruzicka made the following statements after announcing the sale of the company's stake in Sapa:
** "Our first priority is to find attractive assets to buy, that fit our strategy."
** "We want to remain an investment-grade company."
** Adds that for Orkla to remain an investment-grade firm, the debt can at the most amount to 2.5-3 times the company's EBITDA
** Says Orkla will be "far below" that hurdle even after paying a special dividend from the Sapa sale (Reporting by Terje Solsvik, editing by Gwladys Fouche)