Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Norway's Norsk Hydro Pulls $345 Million Acquisition of Rio Tinto Assets

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/14/2018 | 08:48am EDT

By Dominic Chopping

Norwegian aluminum producer Norsk Hydro ASA (NHY.OS) said Friday it has pulled its planned $345 million acquisition of Rio Tinto PLC Icelandic aluminum plant ISAL, including its interests in Dutch anode facility Aluchemie and Swedish aluminum-fluoride plant Alufluor.

The deal--penned earlier this year--has been waiting for European Commission competition approval but it has taken longer than anticipated to obtain and remains outstanding, Norsk Hydro said.

"After considering alternative timelines, outcomes and developments, Hydro requested to terminate the transaction and the parties have signed a termination agreement," the company said. "Hydro has withdrawn its EC competition filing."

Hydro will continue to own 46.7% in Aluchemie, it added.

Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @domchopping @WSJNordics

Stocks mentioned in the article
ChangeLast1st jan.
LME ALUMINIUM CASH 0.47% 1827.5 End-of-day quote.-1.64%
LME COPPER CASH 0.44% 5948 End-of-day quote.1.87%
LME ZINC CASH 0.30% 2477 End-of-day quote.0.61%
NORSK HYDRO ASA 1.67% 30.46 Delayed Quote.-23.59%
RIO TINTO 1.49% 4851 Delayed Quote.30.05%
RIO TINTO LIMITED -0.04% 102.32 End-of-day quote.30.44%
SILVER -0.75% 16.196 Delayed Quote.5.58%
WTI 0.11% 55.72 Delayed Quote.24.56%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
01:12pCorrection to Fed Bullard Article on Friday
DJ
01:00pVFW VETERANS OF FOREIGN WARS OF UNITED STATE : ‘An Established Feeling'
PU
12:15pInvestors Look Forward to GDP Data Before Fed Decision
DJ
10:13aReliance mobile operator Jio to focus on subscriber numbers not tariffs
RE
09:15aCentral Banks Are in Sync on Need for Fresh Stimulus
DJ
07:25aChinese companies looking to buy U.S. farm products - Xinhua
RE
05:07aBritain's new PM must focus on getting small firms ready for no deal - Brexit minister
RE
01:35aWORLD BANK : Afghanistan Facing Strong Headwinds to Growth, World Bank says
PU
07/20FOOD SAFETY AND INSPECTION SERVICE : US Foods Recalls Raw Beef and Pork Products due to Possible Product Contamination
PU
07/20AHDB HORTICULTURE : UK outbreak of Tomato Brown Rugose Fruit Virus
PU
Latest news "Economy & Forex"
Advertisement