Hydro's Corporate Assembly Recommends Agri Demerger
December 10 2003 - 9:42AM
PR Newswire (US)
Hydro's Corporate Assembly Recommends Agri Demerger OSLO, Norway,
Dec. 10 /PRNewswire-FirstCall/ -- The Corporate Assembly of Norsk
Hydro ASA met today to discuss the plan to establish Agri as a
separate listed company. The Corporate Assembly of Norsk Hydro ASA
today issued the following statement to the Extraordinary General
Meeting of Norsk Hydro ASA to be held on 15 January 2004: "The
Board of Directors' proposed Demerger Plan dated 28 November 2003
for the demerger in which Norsk Hydro ASA is the divesting company
and AgriHold ASA the acquiring company has been submitted to the
Corporate Assembly of Norsk Hydro ASA. The Demerger Plan and
enclosure including the Information Memorandum were also forwarded
to the Corporate Assembly. The Corporate Assembly recommends that
The General Meeting of Norsk Hydro ASA approve the Board of
Directors' proposed Demerger Plan." DATASOURCE: Norsk Hydro ASA
CONTACT: Peik Norenberg, +47-22-53-34-40, or Cellular,
+47-91-76-15-56, , or Tor Steinum, +47-22-53-27-31, or Cellular,
+47-95-08-39-33, , both for Norsk Hydro ASA Web site:
http://www.hydro.com/
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