Brief: Norsk Hydro Hydro Initiates Renewed Tender Offer Process For Polish Recycler

Alumetal SA

27/04/2023 19:48

April 27 (Reuters) - Norsk Hydro ASA  NHY.OL :
    * NORSK HYDRO: HYDRO INITIATES RENEWED TENDER OFFER PROCESS
FOR
POLISH RECYCLER
    * RELAUNCHED A TENDER OFFER PROCESS FOR ACQUISITION OF 100
PERCENT
OF SHARES OF POLISH RECYCLER ALUMETAL S.A.
    * EUROPEAN COMMISSION'S MERGER REVIEW OF TRANSACTION IS
STILL
PENDING
    * ACQUISITION WILL PROVIDE AN ANNUAL EBITDA UPLIFT OF EUR 63
MILLION BASED ON ALUMETAL'S 2022 FINANCIALS
    * SAYS TRANSACTION IMPLIES AN ENTERPRISE VALUE OF
APPROXIMATELY
PLN 1 617 MILLION (APPROXIMATELY EUR 351 MILLION)

Source text for Eikon:  ID:nObivM972a 
Further company coverage:  NHY.OL 

 ((Reuters.Briefs@thomsonreuters.com;))