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Hydro withdraws bid for Rio Tinto Iceland plant

By:  
Creamer Media Senior Researcher and Deputy Editor Online
 
ALUMINIUM
Norwegian aluminium company Hydro has dropped its offer to buy Rio Tinto’s ISAL aluminium plant, in Iceland. The $345-million offer, announced in February and initially expected to close in the second quarter, also entailed a 53.3% share in Rio Tinto’s Aluchemie anode plant, in the Netherlands, as well as its 50% share in the aluminium fluoride plant in Sweden.
 
 
 
 
 

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