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Home / Metal News / Vale to Sell $4.9 Billion Aluminum Venture to Norsk, Nikkei Says

Vale to Sell $4.9 Billion Aluminum Venture to Norsk, Nikkei Says

iconJun 17, 2010 00:00
Source:上海有色金属网

June 17 (Bloomberg) -- Vale SA will sell its $4.9 billion holdings in aluminum production ventures with a Japanese partner to Norsk Hydro ASA, the Nikkei newspaper reported. Vale will obtain a 22 percent stake in Norsk Hydro as part of the transaction. Vale's venture partner, Nippon Amazon Aluminium Co., agreed to the decision, according to the report, which didn't cite anyone.
 

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