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Competition authorities approve Sapa, a joint aluminum solutions company

Chinese competition authorities (MOFCOM) have approved the conclusion of the transaction in which Hydro and Orkla will become equal owners of the planned joint venture Sapa.

With the approval of the Chinese competition authorities, the legal assessment of the agreement by the competition authorities, necessary for the conclusion of the agreement, has been completed.

The transaction had already been approved by the European Union commission, the United States Ministry of Justice, as well as by other relevant competition authorities in several other countries.

The parties intend to complete the transaction as soon as possible and begin the accounting month of September with the new agreement in effect.

This text is machine translated. To view the original Portuguese text, click on PT on the top right of this window

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