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Hydro withdraws bid for Rio Tinto Iceland plant

Creamer Media Senior Researcher and Deputy Editor Online
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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