Northvolt Sells Remaining Shares in Hydrovolt to Norsk Hydro for $6.8M

Published: Feb 5, 2025 13:34
【Battery Giant Sells Shares】Northvolt agreed to sell its remaining shares in the battery recycling company Hydrovolt to Norsk Hydro ASA. According to a statement on January 13, the transaction value of this share sale by Northvolt was 78 million Norwegian kroner (approximately $6.8 million), and Hydro's stake in Hydrovolt consequently increased from 72% to 100%. The transaction is expected to be completed by the end of this quarter, pending relevant approvals.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn