# Norsk Hydro announces tender offer for Polish recycler Alumetal for €232M

Norsk Hydro announced a tender offer to acquire 100% of shares of Alumetal S.A., a Polish aluminium recycler listed on the Warsaw Stock Exchange, for PLN 68.4 per share, representing an aggregate equity purchase price of approximately PLN 1.066 billion (approx. EUR 232 million).

- Type: Acquisition
- Announced: 2022-04-29
- Where: Poland
- Value: $245.0M (232.0M EUR)
- Status: announced
- Products: low-carbon aluminium, scrap-based foundry alloy
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Norsk Hydro](https://endata.com/companies/7133.md) (acquirer)
- [Alumetal](https://endata.com/companies/62604.md) (target)

## Sources

- [hydro.com](https://www.hydro.com/en/global/media/news/2022/norsk-hydro-announces-tender-offer-for-100-of-the-shares-of-the-polish-recycler-alumetal-s.a), 2022-04-29: "With the transaction, Hydro will strengthen its recycling position in Europe and widen its product offering in the low-carbon and scrap-based foundry alloy market."
- [windoorexpert.eu](https://www.windoorexpert.eu/news/news,33350,w,.html), 2022-05-06: "With the transaction, Hydro will strengthen its recycling position in Europe and widen its product offering in the low-carbon and scrap-based foundry alloy market."

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