Glencore to acquire stakes in Alunorte and MRN from Norsk Hydro for $775M

Glencore has reached a binding agreement with Norsk Hydro to acquire a 30% equity stake in Alunorte S.A. and a 45% equity stake in Mineracão Rio do Norte S.A. for a combined equity value of approximately USD 775 million.

“Glencore is pleased to announce that it has reached a binding agreement with Norsk Hydro ASA to acquire a 30% equity stake in Alunorte S.A. and a 45% equity stake in Mineracão Rio do Norte S.A.”listcorp.com

• 1 source
• listcorp.comGlencore purchases equity stakes in Mineracão Rio do Norte S.A. and Alunorte S.A. from Norsk Hydro ASA - Glencore plc (JSE:GLN) - Listcorp.Apr 28, 2023

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