SALE OF FLEXIBLE PACKAGING TO ALCAN COMPLETED

Main Menu | News By Date | News By Supplier | News By Category | About Us

SALE OF FLEXIBLE PACKAGING TO ALCAN COMPLETED
30 April 2003 - Hydro Aluminium

Norsk Hydro ASA, the Norwegian Oil and Energy, Aluminium and Agri group, has as of today completed the transaction to sell the former VAW Flexible Packaging business to Alcan Inc.

The transaction forms part of a previously announced divestment program, under which Norsk Hydro so far has completed divestments with an enterprise value of approximately NOK 6.5 billion.

The completion of the transaction is in line with the financial terms announced by Norsk Hydro on November 22, 2002.

Hydro Aluminium is the leading aluminium company in Europe, and one of the top three integrated aluminium companies globally. Hydro Aluminium will continue to focus on its core areas and will remain a leading European supplier of aluminium foil and rolled products for packaging applications from its Rolled Products business sector.

http://www.hydro.com

About: Hydro Aluminium

More News:
  • For April 2003
  • From Hydro Aluminium
  • For General