Hydro in talks to acquire VAW

(Nov. 8, 2001) Norsk Hydro is presently negotiating with the German company E.ON to acquire its subsidiary VAW.

VAW is one of the leading aluminium companies in Europe, particularly strong within rolled products. Hydro Light Metals and VAW complement each other well, and if combined they will create the leading aluminium company in Europe with a strong platform for further growth.

Further negotiations, including due diligence, are expected to be finalized during the first quarter of 2002.