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Quarterly from Norsk Hydro, 28 April, 2023.

CrashCrash
edited April 2023 in Other Investing
https://www.globenewswire.com/news-release/2023/04/28/2657083/0/en/Norsk-Hydro-Robust-results-executing-on-strategy.html
Lots of buying and selling of assets!!!!

This just sounds like musical chairs to me. WTF?
"Glencore will acquire an additional 40 percent stake in MRN which is currently owned by Vale. This 40 percent interest will be acquired by Hydro from Vale and immediately sold to Glencore on a back-to-back basis. After the transactions Hydro will no longer have an ownership position in MRN. The transactions will have a total enterprise value of USD 1.15 billion which shall be adjusted for debt like items and working capital. Closing is expected in the second half of 2023."
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