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Hydro withdraws from the acquisition process for the ISAL aluminium plant

September 14, 2018

Norsk Hydro ASA has withdrawn from the acquisition process for Rio Tinto's Icelandic aluminium plant ISAL. As previously reportedHydro made a binding offer to acquire the plant in February. According to a statement released today, the decision is due to the fact that the European Commission (EC) competition approval process has taken longer than anticipated.

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