VOL. XL No. 1621-April-1997


Investcorp Acquires 70% Of Helly Hansen

Investcorp, the international investment group, announced on 12 April that ithad signed an agreement to acquire 70% of Norwegian seagear and outdoor clothingcompany Helly Hansen from its joint owners, Aker RGI and Orkla of Norway. Underthe terms of the agreement, Investcorp will acquire the total 50% shareholdingof Aker RGI and 20% of Orkla's shareholding, the latter retaining a 30% share.The transaction, which will...