Glencore’s acquisition of part of the stake in Hydro's Brazilian alumina refinery Hydro Alunorte has received unconditional approval from relevant competition authorities, including Brazil, China, Germany, and Austria, and there are no outstanding regulatory conditions for the transaction completion.
In April this year, Glencore inked agreements to acquire Hydro's 30% stake in Brazil's Alunorte alumina refinery, a 5% stake in Brazilian bauxite producer Mineracão Rio do Norte (MRN), and a 40% stake in Vale’s MRN.
The main conditions for Glencore’s acquisitions have been fulfilled. The deals were expected to be completed within November 30 or December 1, 2023.
Glencore’s acquisition of aluminum-related stakes approved by competition authorities
22 Nov 2023 15:27 reported by Joy Liu
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