Norway’s Norsk Hydro to Buy Vale Assets for $4.9 Billion
May 02, 2010 at 16:23 PM EDT
Norwegian producer and Europe’s third- largest aluminum maker Norsk Hydro ASA entered into a $4.9 billion deal Sunday to take over mining company Vale SA’s (VALE) aluminum operations in Brazil, securing the chief ore of aluminum supplies to last it for a century. According to the deal, which is Norway’s biggest ever, in terms of [...]