Norsk Hydro unit sees possible extension of subscriptions in bid for Alumetal

Alumetal SA

04/07/2022 11:00

GDANSK, July 4 (Reuters) - The unit of Norwegian metals
maker Norsk Hydro  NHY.OL  said on Monday it may need to extend
subscriptions in its tender offer for shares in Polish recycler
Alumetal  AMT.WA  after withdrawing its application for merger
approval to the European Commission (EC).
    Hydro Aluminium said in a statement it intends to resubmit
the application after providing additional information needed by
the EC to evaluate the merger.
    The Norsk Hydro unit launched its 1.07 billion zloty 
($237.63 million) bid for 100% stake in Alumetal in late April
 urn:newsml:reuters.com:*:nL2N2WR094.
    The subscription period, which started on June 13, was set
to end on July 12.
 
    ($1 = 4.5028 zlotys)

 (Reporting by Karol Badohal)
 ((karl.badohal@thomsonreuters.com; +48 58 769 65 97;))