# 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.

- Type: Acquisition
- Announced: 2023-04-28
- Where: Brazil
- Value: $775.0M
- Status: announced
- Products: alumina, bauxite
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Norsk Hydro](https://endata.com/companies/7133.md) (target)
- [Glencore](https://endata.com/companies/22952.md) (acquirer)
- [Alunorte S.A.](https://endata.com/companies/70013.md) (target)
- [Mineracão Rio do Norte S.A.](https://endata.com/companies/70014.md) (target)

## Sources

- [listcorp.com](https://www.listcorp.com/jse/gln/glencore-plc/news/glencore-purchases-equity-stakes-in-minerac-o-rio-do-norte-s-a-and-alunorte-s-a-from-norsk-hydro-asa-2867726.html), 2023-04-28: "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."

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