The Extraordinary General Meeting of Hydro held on June 21, 2010 approved the proposal from the Board of Directors to launch a rights issue to partly finance the Vale transaction and support Hydro’s investment grade rating as well as capacity to implement future projects.
The rights issue will raise gross proceeds of about NOK 10 billion to the company.
The Extraordinary General Meeting also approved the board's authorisation to issue new shares as part consideration for the acquisition of Vale’s interest in certain aluminium businesses and assets.
- Link to the webcast can be found in the right-hand column
