Aluminum
Guangdong Golden Horse Tourism Group Stock Co Ltd Announces Takeover Bid Launched by Shenhua Guoneng Energy Group Corporation Limited
Guangdong Golden Horse Tourism Group Stock Co Ltd announced that Shenhua Guoneng Energy Group Corporation Limited has proposed a takeover bid for 212,177,804 shares (a 21.03% stake) or at least 110,507,699 shares of the Company, at RMB 13.46 per share or up to RMB 2,855,913,200 in total, during the period from June 19, 2013 to July 18, 2013. Shenhua Guoneng Energy Group is holding a 78.97% stake in the Company. As a result, the Company may be delisted from stock exchange.
Guangdong Golden Horse Tourism Group Stock Co Ltd Signs Acquisition Agreement with Shenhua Guoneng Group
Guangdong Golden Horse Tourism Group Stock Co Ltd announced that it has signed an agreement on the acquisition of the Company with Shenhua Guoneng Group. Shenhua Guoneng Group will launch a takeover bid for to acquire 212,177,804 shares (a 21.03% stake) of the Company at RMB 13.46 per share, or up to RMB 2,855,913,200 in total, during the period from June 19, 2013 to July 18, 2013. As a result, Shenhua Guoneng Group may hold a 100% stake in the Company, and the Company may delisted from Shenzhen Stock Exchange.
Norsk Hydro ASA Acquires Vigeland Metal Refinery and Vigelands Brug-DJ
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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