trending Market Intelligence /marketintelligence/en/news-insights/trending/VcQzUSC6mfu0PyLv9YMfuA2 content esgSubNav
In This List

Norsk Hydro unit buying 2 Brazilian plants from Arconic for US$10M

Blog

Battery Metals Trends

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound

Blog

Q&A: U.S. Battery Storage and Global Battery Metals Trends Webinar

Blog

Greenhouse gas and gold mines - Emissions intensities unaffected by lockdowns


Norsk Hydro unit buying 2 Brazilian plants from Arconic for US$10M

Norsk Hydro ASA unit Hydro Extruded Solutions AS agreed to acquire two extrusion plants in Utinga and Tubarão in southern Brazil from Arconic Inc. for US$10 million, the companies said in separate Dec. 8 statements.

As rationale, Norsk Hydro noted its strategy to expand its Extruded Solutions business and further strengthen its position in Brazil, while Arconic cited ongoing efforts to streamline its portfolio and focus on higher-margin products.

Arconic expects to book a restructuring-related charge of approximately US$40 million in the fourth quarter as a result, although it does not expect the charge to affect its adjusted EPS.

The transaction is expected to be completed in the first half of 2018, subject to regulatory approvals.