Norsk Hydro: Sale of Herøya Industrial Park completed
(Thomson Reuters ONE) -
The sale of Herøya Industrial Park AS to Oslo Pensjonsforsikring AS (OPF) was
completed Thursday, June 23.
The transaction gives Hydro a book gain of approximately NOK 350 million with
accounting effect from June 1. The agreement with Oslo Pensjonsforsikring, a
life insurance company wholly owned by the Oslo city authority, was first
announced December 18, 2015.
The transaction does not include the power supply network, which will continue
to be operated by Hydro's wholly owned subsidiary Herøya Nett AS.
For many decades, Herøya was Hydro's largest and most important production site.
Industrial activity began there in 1929 with the establishment of Eidanger
Salpeterfabrikker. The site was gradually developed, first with production of
fertilizer and fertilizer byproducts, and later with production of PVC and
magnesium. At its peak in the 1960s, the site had 6,500 employees.
Investor contact
Contact Stian Hasle
Cellular +47 97736022
E-mail Stian.Hasle(at)hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland(at)hydro.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norsk Hydro via GlobeNewswire
[HUG#2022817]
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 479809
Anzahl Zeichen: 1784
contact information:
Town:
Oslo
Kategorie:
Business News
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