Norsk Hydro: Invitation to conference call today 08:30 CEST

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Tags

conferences

Rhea-AI Summary

Hydro has entered into a strategic partnership with Glencore in Brazil, agreeing to sell 30 percent of its Alunorte alumina refinery and its stake in bauxite producer Mineração Rio do Norte (MRN) to Glencore. The company will provide more details about these transactions during a conference call scheduled for April 27 at 08:30 CEST (06:30 GMT), hosted by President and CEO Hilde Merete Aasheim and CFO Pål Kildemo. This partnership aims to enhance operational efficiency and strengthen Hydro's market position in the alumina sector.

Positive

Strategic partnership with Glencore expected to enhance operational efficiency.
Sale of 30% stake in Alunorte could generate immediate capital for Hydro.

Negative

Selling a significant stake in Alunorte may reduce Hydro's control over its operations in Brazil.

Insights

Analyzing...

04/27/2023 - 02:02 AM

Hydro has today announced a new partnership with Glencore in Brazil. Hydro will sell 30 percent of its alumina refinery, Alunorte, and its ownership in bauxite producer, Mineração Rio do Norte (MRN), to Glencore.

Hydro is inviting to a conference call today (Thursday, April 27) at 08:30 CEST (06:30 GMT) to provide further details on the transactions.

President and CEO, Hilde Merete Aasheim, and Executive Vice President and CFO, Pål Kildemo, will host a webcast in English. There will be a Q&A session directly after the presentation.

To listen to the presentation, please register and join the audio webcast. To join the conference call and ask questions, register your details using this registration link. Once registered, you will receive a separate email containing your dial-in number(s) and PINs.

Investor contacts:

Line Haugetraa
+47 41406376
line.haugetraa@hydro.com

Martine Rambøl Hagen
+47 91708918
martine.rambol.hagen@hydro.com