Fatal incident at Phoenix aluminum facility
An employee was involved in a fatal incident while performing routine work at Hydro’s Phoenix, Arizona, aluminum manufacturing facility.
November 8, 2017
Hydro signs new long-term power contract for Norwegian aluminium portfolio
Norwegian aluminium company Norsk Hydro ASA's fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Markbygden Ett AB, a Swedish wind power company, for annual baseload supply of 1.65 TWh in the period from the beginning of 2021 to the end of 2039.
November 7, 2017
Hydro extends biodiversity research partnership in Brazil
On October 31, partners of the Brazil-Norway Biodiversity Research Consortium (BRC) signed and extended the partnership agreement for another five years. Established in 2013, BRC creates research programs strengthening the preservation of natural biodiversity of mined areas.
November 1, 2017
Successful placement of new bonds
Reference is made to the announcement on October 18, 2017. Norsk Hydro ASA has successfully issued senior unsecured bond issues in total of NOK 3.0 billion and SEK 3.0 billion. The transaction is split on five tranches:
October 31, 2017
Third quarter 2017: Results down on increased raw material costs and currency
Hydro's underlying earnings before financial items and tax decreased to NOK 2,446 million in the third quarter, down from NOK 2,930 million in the second quarter. The decrease mainly reflects higher raw material costs and negative currency effects.
October 25, 2017
Fixed income investor meetings and contemplated bond issuance
Norsk Hydro ASA, rated Baa2 / BBB (both stable) by Moody's and S&P, has mandated DNB Markets, Handelsbanken Capital Markets and Nordea as Joint Lead Managers to arrange a series of fixed income investor meetings in the Nordics.
October 18, 2017
Norsk Hydro: Notice of request for cancellation of LSE listing.
Norsk Hydro hereby announces the intended cancellation of its standard listing of ordinary shares of nominal value NOK 1.098 each on the official list of the UK Listing Authority (UKLA) and the cancellation of the admission to trading of the Shares on the main market of the London Stock Exchange (LSE).
October 3, 2017
Norsk Hydro – Acquisition of Sapa completed
Norsk Hydro’s acquisition of Orkla’s 50% ownership in Sapa was completed today, October 2, giving Hydro full ownership in the global leader in extruded aluminium solutions and making Hydro a leading force in the global aluminium industry.
October 2, 2017
CEO of Sapa purchases shares in Hydro
Current CEO of Sapa and future member of Hydro’s Corporate Management Board, Egil Hogna, has on September 26, 2017, purchased 20,000 shares in Hydro at NOK 57.36 per share. New holding is 20,000 shares.
September 26, 2017
Stock exchange announcement
Competition authorities have approved the acquisition of Sapa
The acquisition by Hydro of Orkla’s 50% interest in Sapa has received all competition approvals required before closing. Consequently, Hydro and Orkla expect to close the transaction on or about October 2, 2017.
September 26, 2017