Hydro receives competition clearing in Brazil, China, Germany and Austria for its Alunorte partnership with Glencore; under deal, Glencore to acquire 30% in the Brazilian alumina refinery

Sample article from our Sustainability & Social Responsibility

November 20, 2023 (press release) –

The parties have received unconditional approval from relevant competition authorities, including Brazil, China, Germany and Austria, and there are no outstanding regulatory conditions to complete the transaction.

The main conditions for Glencore to acquire 30 percent in the Brazilian alumina refinery, Hydro Alunorte and Hydro’s 5 percent interest in the Brazilian bauxite producer Mineracão Rio do Norte (MRN) together with Vale’s 40 percent stake in MRN have been fulfilled.

The transactions are expected to be completed within November 30 or December 1, 2023.

Subscribe to news and press releases from Hydro

Published: November 20, 2023

Martine Rambøl Hagen

Head of Investor Relations

martine.rambol.hagen@hydro.com

+47 91708918

Halvor Molland

Senior vice president, Group Communication

halvor.molland@hydro.com

+47 92979797

Recommended for you

From battery to foundry in Årdal

When you choose aluminum from Hydro, it's strong, light, durable and climate efficient, making you part of a smarter and more sustainable future. Our climate strategy is to cut our CO2 emissions 30% by 2030. Our aluminum can help you meet your goals, too.

* 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.