Norsk Hydro ASA (NHY.OL)
* Orkla CEO Peter Ruzicka says highly likely that the company won't own stake in aluminium components maker Sapa, a joint venture owned 50/50 by Orkla and Norsk Hydro, five years from now
* Joergen Arentz Rostrup has been appointed new chief financial officer
* Sees China demand alone to grow by 5-7 pct in 2016 (Adds share, analyst detail)
LONDON, July 21 European shares were steady on Thursday, propped up by gains at consumer goods group Unilever and aluminum producer Norsk Hydro, although airline stocks slumped.