three green bullets

New era with planned transaction in Brazil

The planned addition of the bauxite, alumina and aluminium production activities in Brazil will move Hydro into the top class of global aluminium companies.

May 2, 2010

Aluminium worker
(Photo: Jo Michael)

(Last updated June 2, 2010)

Hydro sign

 Hydro publishes information memorandum on
take-over of majority of Vale’s aluminium business
(June 2, 2010) Norsk Hydro ASA has today published an information memorandum in connection with Hydro’s takeover of the majority of Vale S.A.’s bauxite, alumina and aluminium business in Brazil referred to as Vale Aluminium.

Hydro flag

 Notice of Extraordinary General Meeting
and indicative timeline for the rights offering
(May 28, 2010) Notice is hereby given that an Extraordinary General Meeting of Norsk Hydro ASA will be held at the company's head office at Vækerø, Drammensveien 260, 0283 Oslo on Monday 21 June 2010, at 09:00 CET.

Worker in a Bauxit mine

 Hydro takes over Vale's aluminium business
in transforming transaction
(May 2, 2010) Norsk Hydro ASA has signed an agreement to take over Vale S.A’s aluminium businesses to form a resource-rich and fully integrated aluminium company, securing Hydro's bauxite supplies in a 100-year perspective.

Bauxit mine

In brief
(May 2, 2010) With the takeover of Vale’s main activities in bauxite mining, alumina refining and aluminium production in Brazil, Hydro is moving up into the top class of global aluminium companies.

Svein Richard Brandtzæg

 ’A 100-year perspective’
(May 2, 2010) “The biggest transaction in Hydro’s history lays the foundation for growth with a 100-year perspective,” says Hydro’s President and CEO, Svein Richard Brandtzæg. The agreement to acquire Vale’s Brazilian aluminium operations gives Hydro greater strength throughout the value chain – around the world.
Brazil flag Johnny Undeli to head new Bauxite & Alumina business area
(May 2, 2010) With the takeover of Vale’s aluminium activities in Brazil, Hydro will establish a new business area, Bauxite & Alumina, to be led by Johnny Undeli, who is currently head of the Extruded Products area.

 

The heads from the two companies signing the contract
IT'S A DEAL: Tito Martins of Vale (left), President and CEO Svein Richard Brandtzæg, and Pedro Rodrigues of Vale at the contract signing in Oslo on Sunday. Arvid Moss, Hydro's head of Strategy and Business Development, looks on. (Photo: Halvor Molland)
 
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Updated: June 2, 2010
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