Norsk Hydro: Yara to acquire power grid operator and quay facility at Herøya

Norsk Hydro: Yara to acquire power grid operator and quay facility at Herøya

ID: 527936

(Thomson Reuters ONE) -


Hydro has entered into an agreement with Yara regarding the sale of Herøya Nett
AS and the quay facility at Herøya Industrial park. The transfer, including
around 30 employees, will likely occur in June 2017.

The industrial site at Herøya has a long tradition and was for many years
Hydro's largest production location, producing fertilizer, plastics, light
metals and a number of related products. In recent years Herøya has been
developed as an industrial park with a number of companies and many activities.

"We are pleased to have reached an agreement with Yara regarding the acquisition
of Herøya Nett and the quay facility and are confident that the operation will
be continued in the best possible way," says Executive Vice President Eivind
Kallevik in Norsk Hydro ASA.

The transaction has limited financial effect for Hydro.

Investor contact
Contact Stian Hasle
Cellular +47 97736022
E-mail Stian.Hasle(at)hydro.com


Press contact
Contact Ole Johan Sagafos
Cellular +47 91308036
E-mail Ole.Johan.Sagafos(at)hydro.com





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Norsk Hydro via GlobeNewswire






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Bereitgestellt von Benutzer: hugin
Datum: 03.03.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 527936
Anzahl Zeichen: 1602

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