# 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.

- Type: Acquisition
- Announced: 2018-02-26
- Where: Iceland, Iceland
- Value: $345.0M
- Status: announced
- Capacity: 210,000 tonnes per year of liquid primary aluminium; 230,000 tpy of extrusion ingot
- Products: aluminium, anodes, aluminium fluoride
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md) (target)
- [Norsk Hydro](https://endata.com/companies/7133.md) (acquirer)
- [ISAL](https://endata.com/companies/30297.md) (target)
- [Aluchemie](https://endata.com/companies/30298.md) (target)
- [Alufluor](https://endata.com/companies/30299.md) (target)

## Sources

- [rttnews.com](https://www.rttnews.com/2866315/norsk-hydro-offers-to-acquire-icelandic-aluminium-plant-isal-for-345-mln.aspx), 2018-02-26: "The addition will further strengthen Hydro's position as the preferred and leading extrusion ingot supplier in Europe."
- [fastmarkets.com](https://www.fastmarkets.com/insights/hydro-makes-offer-for-rio-tintos-isal-aluminium-smelter/), 2018-02-26: "The bid demonstrates our strong belief in aluminium, which is seeing the strongest global demand growth among base metals."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.