# 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.

- Type: Acquisition
- Announced: 2023-04-27
- Where: Poland
- Value: $294.0M (267.0M EUR)
- Status: announced
- Products: recycled low-carbon aluminium, scrap-based foundry alloys
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Hydro Inc.](https://endata.com/companies/1478.md) (acquirer)
- [Alumetal](https://endata.com/companies/62604.md) (target)

## Sources

- [hydro.com](https://www.hydro.com/en/global/media/news/2023/hydro-initiates-renewed-tender-offer-process-for-polish-recycler/), 2023-04-27: "The acquisition of Alumetal would be a strong strategic fit towards delivering on Hydro’s recycling strategy."
- [hydro.com](https://www.hydro.com/en/global/media/news/2023/the-european-commission-clears-hydro-acquisition-of-alumetal/), 2023-05-04: "The approval from the European Commission is a key milestone toward completing our proposed acquisition of Alumetal."

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