April 2, 2018 / 6:23 PM / 6 months ago

BRIEF-Norsk Hydro says acquisition of Arconic's extrusion plants in Brazil completed

April 2 (Reuters) - Norsk Hydro ASA:

* NORSK HYDRO SAYS ‍ACQUISITION OF ARCONIC'S EXTRUSION PLANTS IN BRAZIL COMPLETED, STRENGTHENING HYDRO'S DOWNSTREAM POSITION IN BRAZIL

* THE TWO EXTRUSION PLANTS IN UTINGA AND TUBARÃO IN SOUTHERN BRAZIL HAVE MORE THAN 600 EMPLOYEES IN TOTAL, ONE CASTHOUSE, SEVEN EXTRUSION PRESSES RANGING FROM 7 TO 14 INCHES, AND VALUE-ADDED CAPABILITIES.

* UNDER THE TERMS OF THE AGREEMENT, THE PRICE INCLUDES A CASH PAYMENT FROM HYDRO OF USD 10 MILLION, SUBJECT TO WORKING CAPITAL AND OTHER ADJUSTMENTS.​ Source text for Eikon: Further company coverage: (Reporting By Joachim Dagenborg)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below