Divestment of Frödinge (SE) to Rieber & Søn (NO) by Arla Foods (SE) — Amount not disclosed.

Carnegie acted as adviser to Arla Foods in the divestment of Frödinge, the leading producer of chilled and frozen desserts in the Nordic region with export sales to other countries such as Germany and the UK. Rieber & Søn is one of Norway’s leading food conglomerates with production and the sale of 27 brands in 12 countries.June, 2006.