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Hydro acquires Vale's remaining shares in Paragominas

Hydro completed the acquisition of Vale's remaining shares in Mineração Paragominas S.A. (MPSA) on December 15, 2016.

The transaction is the second and final step of the agreement signed on MPSA in 2011, when Hydro acquired most of Vale's aluminum business in Brazil. From now on, Hydro owns 100% of the shares of MPSA.

Hydro's net payment, after the adjustments resulting from the conclusion of the contractual clauses pending with Vale, was approximately US $ 113 million. Hydro expects the transaction to have a positive impact on the Bauxite & amp; Alumina of approximately USD 45 million in results for the fourth quarter of 2016, of which USD 30 million will be excluded from adjusted earnings. & Nbsp;

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