OSLO, May 24 (Reuters) - Norway's Jordanes ASA cancelled its planned initial public offering on Friday and said market conditions were not as expected.
The company had said in April it planned to raise 1.5 billion Norwegian crowns ($141.9 million) through a share sale and to list on the Euronext Oslo Stock Exchange.
Jordanes owns or operates a range of consumer brands including food and snacks, personal care, beauty, sports nutrition and restaurants, and has more than 2,700 employees in the Scandinavian region, the group has said. ($1 = 10.5680 Norwegian crowns) (Reporting by Terje Solsvik in Oslo Editing by Matthew Lewis)
