Norsk Hydro: Hydro receives competition clearing for Alunorte partnership with Glencore
21 November 2023 - 2:30AM
The parties have received unconditional approval from relevant
competition authorities, including Brazil, China, Germany and
Austria, and there are no outstanding regulatory conditions to
complete the transaction.
The main conditions for Glencore to acquire 30 percent in the
Brazilian alumina refinery, Hydro Alunorte and Hydro’s 5 percent
interest in the Brazilian bauxite producer Mineracão Rio do Norte
(MRN) together with Vale’s 40 percent stake in MRN have been
fulfilled.
The transactions are expected to be completed within November 30
or December 1, 2023.
Investor contact: Martine Rambøl
HagenMartine.Rambol.Hagen@hydro.com +47 91708918
Media contact: Halvor MollandHalvor.Molland@hydro.com +47
92979797
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