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Hydro sells its Utkal Alumina shares
(Jan. 23, 2002) Hydro Aluminium has entered into an agreement with Alcan and Indal, a subsidiary of the Aditya Birla Group, to sell its 45 percent share of Utkal Alumina for a price of approximately USD 6 million.
The fulfillment of the agreement is subject to approval from Indian authorities. After Hydro's withdrawal, Indal's stake in Utkal Alumina will be 55 percent and Alcan's 45 percent.
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