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Norsk Hydro ASA Acquires Vigeland Metal Refinery and Vigelands Brug-DJ

Monday, 17 Jun 2013 06:03am EDT 

Dow Jones reported that Norsk Hydro ASA has signed an agreement with Rio Tinto Alcan to acquire its 50% ownership share in the Vigeland Metal Refinery AS and 100% ownership share in the AS Vigelands Brug hydropower station, located in southern Norway. Hydro held a 50% ownership share in Vigeland Metal Refinery AS prior to the transaction, and was the sole off-taker of its production of high-purity aluminium. The transaction will be notified to the Norwegian Competition Authority, and Hydro will also apply to Norwegian authorities for an approval to acquire the hydropower assets in AS Vigelands Brug. Financial details were not disclosed. 

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