There were 1,618 press releases posted in the last 24 hours and 398,712 in the last 365 days.

Norsk Hydro: Phase II review of proposed acquisition of Alumetal

On October 6, 2022, the European Commission decided to open a Phase II review of Hydro’s proposed acquisition of the Polish recycler Alumetal S.A.

A Phase II review is a customary part of the Commission’s merger review process in cases where initial concerns about a transaction’s effects cannot be excluded during the preliminary assessment stage.
           
Hydro announced a tender offer for 100 percent of the shares of the Polish recycler Alumetal S.A. on April 29, 2022. In July 2022, Hydro extended the subscription period to October 10, 2022. Following the Commission’s decision to open a Phase II review, the legal condition of the public tender offer will not be fulfilled before the end of subscription period, and the tender offer will therefore expire.

Hydro remains committed to the transaction and will continue to work closely with the Commission over the coming months on the Phase II review.

Investor contact:
Line Haugetraa
+47 41406376
Line.Haugetraa@hydro.com

Media contact:
Halvor Molland
+47 92979797
Halvor.Molland@hydro.com


Primary Logo

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.