Original article by Darren Gray
The Age – Page: 25 : 18-Sep-18
Rio Tinto has advised that Norway-based Hydro has terminated a deal struck earlier in 2018 to acquire its remaining aluminium assets in Europe for $US345m ($438m). The assets comprise an aluminium smelter in Iceland and Rio’s stakes in an anode plant in the Netherlands and an aluminium fluoride plant in Sweden. Competition concerns in Europe are believed to have prompted Hydro to withdraw from the deal. Rio may seek a new buyer for the assets.
RIO TINTO LIMITED – ASX RIO, NORSK HYDRO ASA, EUROPEAN COMMISSION, LIBERTY HOUSE GROUP, UC RUSAL LIMITED