Glencore and other three companies are interested in Icelandic aluminum assets under purchasing power extension-Shanghai Metals Market

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Glencore and other three companies are interested in Icelandic aluminum assets under purchasing power extension

Translation 06:52:38AM Jul 05, 2019 Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

SMM News: July 4 news, a banking source said on Thursday that Rio Tinto's current sale of nearly $350 million worth of aluminum assets in Iceland, Sweden and the Netherlands has attracted interest from three companies, including Glencore and Trimet Aluminum.

Rio Tinto restarted sales of the aluminium asset in late 2018 with the help of Natixis, a French bank, after Norsk Hydro withdrew from its plan to acquire the aluminium asset because of delays in obtaining EU approval. Given that Norsk Hydro is already an important player in the aluminium industry, the EU has some concerns about the competitiveness of the industry, according to sources.

 

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Key Words:  Glencore  Aluminum  Rio Tinto  acquisition 

Glencore and other three companies are interested in Icelandic aluminum assets under purchasing power extension

Translation 06:52:38AM Jul 05, 2019 Source:Wenhua Finance and Economics
The content below was translated by Tencent automatically for reference.

SMM News: July 4 news, a banking source said on Thursday that Rio Tinto's current sale of nearly $350 million worth of aluminum assets in Iceland, Sweden and the Netherlands has attracted interest from three companies, including Glencore and Trimet Aluminum.

Rio Tinto restarted sales of the aluminium asset in late 2018 with the help of Natixis, a French bank, after Norsk Hydro withdrew from its plan to acquire the aluminium asset because of delays in obtaining EU approval. Given that Norsk Hydro is already an important player in the aluminium industry, the EU has some concerns about the competitiveness of the industry, according to sources.

 

Click to sign up for this summit

"Click to sign up for this summit

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Key Words:  Glencore  Aluminum  Rio Tinto  acquisition