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Norsk Hydro offers $345M to acquire Rio Tinto's ISAL aluminium plant · Endata

◂ Announcements

Feb 26, 2018ACQUISITIONIceland, Iceland

Norsk Hydro offers $345M to acquire Rio Tinto's ISAL aluminium plant

Norsk Hydro made a binding offer of $345 million to acquire Rio Tinto's Icelandic aluminium plant ISAL, along with the Dutch anode facility Aluchemie and Swedish aluminium fluoride plant Alufluor. The transaction is expected to close in Q2 2018.

Value

$345.0M

Status

Announced

Capacity

210,000 tonnes per year of liquid primary aluminium; 230,000 tpy of extrusion ingot

Productsaluminiumanodesaluminium fluoride

CompaniesRio Tinto target Norsk Hydro acquirer ISAL target Aluchemie target Alufluor target

Sectors#Steel and Metal Products

“The addition will further strengthen Hydro's position as the preferred and leading extrusion ingot supplier in Europe.”rttnews.com

2 sources
rttnews.comNorsk Hydro Offers To Acquire Icelandic Aluminium Plant ISAL For $345 MlnRTTNews Staff WriterFeb 26, 2018
fastmarkets.comHydro makes offer for Rio Tinto’s Isal aluminium smelter - FastmarketsGeneric people pageFeb 26, 2018

Summarized from public sources; check the original articles before acting on it.

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