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Vale has sold Hydro shares

The Brazilian mining company Vale S.A. announced on Monday that it would offer Norsk Hydro ASA shares through a wholly owned subsidiary. 407,122,241 Hydro shares were sold using a book-forming process.

Upon completion of this transaction, provided there is no over-allotment option, Vale has reduced its wholly owned subsidiary from 447,834,465 shares to 40,712,224 shares through its wholly owned subsidiary, which corresponds to a reduction in Hydro's stake from 21.6 percent to 2 , 0 percent of the shares issued. This means that the proportion drops below the 5 percent limit specified in Section 4-2 of the Norwegian Securities Trading Act.

If the over-allotment option is fully exercised, Vale will no longer hold any shares in Hydro.

The shares sold by Vale have been acquired by some investors.

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

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