European Commission grants merger clearance for Hydro's acquisition of Poland-based Alumetal, a key milestone for Hydro's low-carbon product development; deal set to close in July 2023

Sample article from our Sustainability & Social Responsibility

May 5, 2023 (press release) –

The European Commission (EC) today announced that it has granted unconditional merger clearance for Hydro’s proposed acquisition of the Polish recycler Alumetal S.A.

Hydro first announced a tender offer to acquire Alumetal in April 2022, which later expired during a phase II merger review by the European Commission.

Hydro last week announced a renewed tender offer process to acquire 100 percent of the shares in Alumetal. The subscription period for the tender offer is expected to run in June 2023. Hydro aims to close the acquisition in early July 2023, subject to further conditions being fulfilled.

"The approval from the European Commission is a key milestone toward completing our proposed acquisition of Alumetal. Today we move one important step closer to bring Alumetal into the Hydro family and develop an even broader range of low-carbon products for our customers,” says Eivind Kallevik, Executive Vice President of Hydro Aluminium Metal.

Media contact

Halvor Molland

Senior vice president, Group Communication


Martine Rambøl Hagen

Investor Relations

Recommended for you

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order sustainability & social responsibility coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.