ISAL acquisition ended

Hydro and Rio Tinto have signed an agreement to end the acquisition process for Rio Tinto's Icelandic aluminium plant ISAL, including its interests in Dutch anode facility Aluchemie and Swedish aluminium fluoride plant Alufluor. In February 2018, Hydro made a binding offer to acquire Rio Tinto's Icelandic aluminium plant Rio Tinto Iceland Ltd ("ISAL"), its 53% share in Dutch anode facility Aluminium & Chemie Rotterdam B.V. ("Aluchemie"), and 50% of the shares in Swedish aluminium fluoride plant Alufluor AB ("Alufluor") for an enterprise value of USD 345 million. A Sale and Purchase Agreement (SPA) was signed on 8 June 2018,…