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Hydro relaunches tender offer for Polish recycler Alumetal S.A. · Endata

◂ Announcements

Apr 27, 2023ACQUISITIONPoland

Hydro relaunches tender offer for Polish recycler Alumetal S.A.

Norsk Hydro ASA has relaunched a tender offer process to acquire 100% of the shares of Polish recycler Alumetal S.A. for approximately PLN 1,230 million (about EUR 267 million). The European Commission's merger review is pending with a provisional decision deadline of May 23, 2023.

Value

$294.0M (267.0M EUR)

Status

Announced

Productsrecycled low-carbon aluminiumscrap-based foundry alloys

CompaniesHydro Inc. acquirer Alumetal target

Sectors#Steel and Metal Products

“The acquisition of Alumetal would be a strong strategic fit towards delivering on Hydro’s recycling strategy.”hydro.com

2 sources
hydro.comHydro initiates renewed tender offer process for Polish recycler | HydroApr 27, 2023
hydro.comThe European Commission clears Hydro acquisition of Alumetal | HydroMay 4, 2023

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

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Nov 28, 2024ACQUISITIONBarcarena, Pará, Brazil$40.0M
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