Norsk Hydro: Hydro publishes information memorandum on the acquisition of Sapa
August 01 2017 - 12:03AM
Norsk Hydro publishes an information memorandum in connection
with its acquisition of Orkla's 50 percent interest in Sapa. The
information memorandum is attached hereto.The information
memorandum was approved by the Oslo Stock Exchange on 31 July
2017.
The main sections of the information memorandum are: risk
factors, description of the transaction, description of Hydro
including selected financial information, brief description of Sapa
and unaudited pro forma condensed combined financial information
for Hydro and Sapa.
Hydro is publishing the information memorandum in accordance
with section 3.5 of the continuing obligations for companies listed
on the Oslo Stock Exchange.
Investor contactContact Stian
HasleCellular +47
97736022E-mail Stian.Hasle@hydro.com
Press contactContact Halvor
MollandCellular +47
92979797E-mail Halvor.Molland@hydro.com
Cautionary note Certain statements included in this announcement
contain forward-looking information, including, without limitation,
information relating to (a) forecasts, projections and estimates,
(b) statements of Hydro management concerning plans, objectives and
strategies, such as planned expansions, investments, divestments,
curtailments or other projects, (c) targeted production volumes and
costs, capacities or rates, start-up costs, cost reductions and
profit objectives, (d) various expectations about future
developments in Hydro's markets, particularly prices, supply and
demand and competition, (e) results of operations, (f) margins, (g)
growth rates, (h) risk management, and (i) qualified statements
such as "expected", "scheduled", "targeted", "planned", "proposed",
"intended" or similar.
Although we believe that the expectations reflected in such
forward-looking statements are reasonable, these forward-looking
statements are based on a number of assumptions and forecasts that,
by their nature, involve risk and uncertainty. Various factors
could cause our actual results to differ materially from those
projected in a forward-looking statement or affect the extent to
which a particular projection is realized. Factors that could cause
these differences include, but are not limited to: our continued
ability to reposition and restructure our upstream and downstream
businesses; changes in availability and cost of energy and raw
materials; global supply and demand for aluminium and aluminium
products; world economic growth, including rates of inflation and
industrial production; changes in the relative value of currencies
and the value of commodity contracts; trends in Hydro's key markets
and competition; and legislative, regulatory and political
factors.
No assurance can be given that such expectations will prove to
have been correct. Hydro disclaims any obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/cedd0560-272f-4fa4-a596-baedf3ce4c86
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