Norsk Hydro: Sale completed of Hydro Rolling business area to KPS Capital Partners
Norsk Hydro ASA has finalized the sale of Hydro Rolling to KPS Capital Partners, with the transaction now closed as of April 29, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Norsk Hydro ASA has finalized the sale of Hydro Rolling to KPS Capital Partners, with the transaction now closed as of April 29, 2021. The total enterprise value, which includes the recent sale of the Bonn property to Cube Real Estate for EUR 27 million, reaches EUR 1,407 million. This strategic move reflects Hydro's commitment to optimizing its portfolio and enhancing shareholder value.
Positive
- Total enterprise value for Hydro Rolling reaches EUR 1,407 million.
- Successful sale of Bonn property for EUR 27 million.
Negative
- None.
Details
News Market Reaction – NHYDY
The recorded move for NHYDY in the trading session of this news was +3.19%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Reference is made to the stock exchange notice of April 29, 2021, stating that Norsk Hydro ASA has received the necessary approvals for the sale of Hydro Rolling to KPS Capital Partners. The transaction has today closed.
In addition, Hydro has signed a separate agreement to sell its Bonn property, which has been part of the Hydro Rolling, but outside the perimeter of the above transaction, to Cube Real Estate for EUR 27 million.
The total enterprise value for Hydro Rolling, including the Bonn property, is EUR 1,407 million.
Investor contact:
Line Haugetraa
+47 41406376
Line.Haugetraa@hydro.com
Press contact:
Halvor Molland
+47 92979797
Halvor.molland@hydro.com
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