Key Developments: Norsk Hydro ASA (NHY.OL)

NHY.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Norsk Hydro to pay NOK 1/share as dividend for FY 2014-Reuters
Wednesday, 11 Feb 2015 02:04am EST 

Norsk Hydro ASA:Plans to pay a 1 Norwegian crown dividend per share for FY 2014, up from 0.75 crowns in FY 2013-Reuters.Raises dividend policy to a 40 percent payout ratio during a business cycle from previously 30 percent.  Full Article

SGL Carbon SE and Norsk Hydro partner in development of cathode technology
Tuesday, 3 Feb 2015 07:00pm EST 

SGL Carbon SE:Says joint development of cathode technology for more energy-efficient aluminum production.Project is part of a technical cooperation which SGL Group and Norsk Hydro initially started in 2012.Says Hydro and SGL Group partnering in the development of cathode technology.  Full Article

Svein Richard Brandtzaeg stays on as Hydro CEO
Friday, 26 Sep 2014 12:59am EDT 

Norsk Hydro ASA:Says Svein Richard Brandtzaeg stays on as Hydro Chief Executive (CEO).Brandtzaeg notified Hydro's Board in July that he would resign from Hydro to become President and CEO of Yara International ASA.Hydro's Board asked Brandtzaeg to reconsider and Brandtzaeg has now decided to withdraw his resignation.  Full Article

Norsk Hydro announces CEO resignation
Monday, 21 Jul 2014 01:00am EDT 

Norsk Hydro ASA:Says Svein Richard Brandtzaeg, President and Chief Executive (CEO), is to leave Hydro.Says Brandtzaeg is to take over as President and CEO for Yara International ASA from Feb. 1, 2015, at the latest.Says the process to find a replacement for Brandtzaeg has started.  Full Article

Norsk Hydro takes control of Soral aluminium plant
Thursday, 3 Jul 2014 02:00am EDT 

Norsk Hydro ASA:Signs agreement with Rio Tinto Alcan for the company to take over RTA's share of the aluminium smelter Sor-Norge Aluminium AS (Soral) in Norway.Following the closing of the agreement, the plant will become Hydro's fifth fully owned aluminium smelter in Norway.Closing of the transaction is pending, including approval from relevant competition authorities in Norway and France, and is expected in second half of the year.Until closing of the agreement, Soral will still be governed by the current board of directors.The terms of the agreement are confidential.  Full Article

Norsk Hydro signs long-term power contract for Norwegian aluminium portfolio
Monday, 23 Jun 2014 06:01am EDT 

Norsk Hydro ASA:Says it has signed a long-term power contract with Norwegian renewable energy producer Agder Energi AS, for annual supply of 0.5 terawatt hours (TWh) over 10 years from 2021 to 2030.Says, Hydro has, including the above-mentioned contract, over the last weeks signed contracts for 2.7 TWh in the period 2021 to 2030.The contracts will contribute to supplying power to Hydro's aluminium plants in Norway in the years after 2020, when the existing long-term power contract with Statkraft expires.The Power Purchase Agreement (PPA) between Hydro's fully owned subsidiary Hydro Energi AS and Agder Energi Vannkraft AS covers electricity supply over a 10-year period from Jan. 1, 2021, with an annual volume of 0.5 TWh and a total delivery of 5 TWh.  Full Article

Norsk Hydro signs long-term power contract for Norwegian aluminium portfolio
Wednesday, 18 Jun 2014 02:03am EDT 

Norsk Hydro ASA:Signs long-term power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, for annual supply of 0.5 terawatt hours (TWh) over 10 years from 2021.Hydro recently signed similar contracts with Agder Energi AS and Lyse Energi AS, for a total annual supply of 1.7 TWh over 10 years from 2021.Contracts will contribute to supplying power to Hydro's aluminium plants in Norway in the years after 2020, when the existing long-term power contract with Statkraft expires.  Full Article

Norsk Hydro signs long-term power contract for Norwegian aluminium portfolio
Wednesday, 28 May 2014 04:51am EDT 

Norsk Hydro ASA:Signs a long-term power contract with Norwegian renewable energy producer Agder Energi AS for power supplies to Hydro's aluminium plants in Norway.Power Purchase Agreement between Hydro's fully owned subsidiary Hydro Energi AS and Agder Energi Vannkraft AS covers electricity supply over a 10-year period from Jan.1, 2021, with an annual volume of 1 terawatt hour (TWh) and a total delivery of 10 TWh.  Full Article

Norsk Hydro names Dag Mejdell Chairman
Tuesday, 27 May 2014 05:06am EDT 

Norsk Hydro ASA:Announces Dag Mejdell new Chairman of the Board, effective May 27.He replaces Terje Vareberg, who resigns from the Board.  Full Article

Norsk Hydro ASA closes Australia aluminum plant-Reuters
Thursday, 8 May 2014 02:08am EDT 

Norsk Hydro ASA:Norsk Hydro has decided to permanently close its Kurri Kurri aluminum plant in Australia's New South Wales state, where production ceased in 2012-Reuters.  Full Article

UPDATE 1-Norsk Hydro posts record Q4 operating profit

* Underlying operating profit NOK 2.89 mln vs forecast 2.29 bln

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