Hydro’s acquisition of Sapa completed
Norsk Hydro’s acquisition of Orkla’s 50% ownership in Sapa was completed on 2 October, giving Hydro full ownership in the global leader in extruded aluminium solutions and making the company a leading force in the global aluminium industry. Sapa will become a new business area in Hydro, Extruded Solutions, and will be headed by Egil Hogna. The agreed enterprise value for 100% of Sapa is NOK27 billion. A preliminary purchase price for the shares, adjusted for net debt and normalized working capital, of NOK11.86 billion was paid in cash to Orkla.