Hydro Withdraws from the Acquisition Process for the ISAL Aluminium Plant

Norsk Hydro ASA has withdrawn from the acquisition process for Rio Tinto's Icelandic aluminium plant ISAL. As previously reported, Hydro made a binding offer to acquire the plant in February. According to a statement released today, the decision is due to the fact that the European Commission (EC) competition approval process has taken longer than anticipated.

Source: Landsvirkjun
Date: Sep 14, 2018