Norsk Hydro ASA (NHYDY) News
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NHYDY News Highlights
- NHYDY's 30 day story count now stands at 1.
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Latest NHYDY News From Around the Web
Below are the latest news stories about Norsk Hydro A S A that investors may wish to consider to help them evaluate NHYDY as an investment opportunity.
Hydro is exploring the potential for developing and operating hydrogen facilities to meet large internal demand as well as serving an external market, leveraging the company’s industrial and renewable power expertise. “We see a substantial potential for industrial hydrogen consumption. Taking a developer and operator role in the hydrogen sector represents an opportunity for Hydro to reduce industrial CO2 emissions and develop a profitable and sustainable business based on hydrogen,” says Hilde Merete Aasheim, President and CEO in Hydro. Hydro has set out a clear strategic direction toward 2025 and aims to strengthen its position in low-carbon aluminium, while exploring new growth opportunities in recycling and new energy. “Hydro has unique capabilities that set us apart from other indus...
“The pandemic put us all to the test last year. Yet, Hydro managed an extraordinary 2020 carefully, emerging stronger and well positioned to deliver on our agenda to become a profitable and more sustainable industry leader,” President and CEO Hilde Merete Aasheim writes in her letter to shareholders. “I’m grateful and impressed by how our organization kept the wheels turning, delivering on the improvement ambitions and positioning Hydro for the future, while always putting health and safety first,” she adds. Aasheim points to significant progress toward Hydro’s ambition to lift profitability and drive sustainability. “We have accelerated our improvement efforts in 2020. Our extended program targets NOK 8.5 billion by 2025 across all business areas and staffs. I am happy that we exceeded...
4 Metal Fabrication Stocks Braving the Industry Challenges
KPS Capital Partners, LP ("KPS") today announced that it has signed a definitive agreement to acquire the global aluminum rolling business ("Rolling" or the "Company") from Norsk Hydro ASA (NHY.OL, "Hydro") for €1.38 billion (approximately $1.67 billion). Completion of the transaction is expected mid-year 2021 and is subject to customary closing conditions and approvals.
Norsk Hydro: Invitation to Investor presentation - Hydro agrees to sell Rolling business area to KPS Capital Partners
President & CEO, Hilde Merete Aasheim, will present the transaction by an audio webcast and a conference call, in English, at 09:00 CET today, Friday 5 March. In order to listen to the presentation, please join the audio webcast. There will be a Q&A session directly after the presentation. If you would like to ask questions, you need to join the conference call before end of the presentation. Please see details below. It will not be possible to ask questions on the audio webcast. To join the conference call, please use the below “Click to Join” link 5-10 minutes prior to start time. You will be asked to enter your phone number and registration details. The Event Conferencing system will call you on the phone number you provide and place you into the event. Please note that the “Click to...
Norsk Hydro: Hydro agrees to sell Rolling business area to KPS Capital Partners for EUR 1,380 million
Energy and aluminium company Norsk Hydro ASA has entered into an agreement to sell its Rolling business to KPS Capital Partners for EUR 1,380 million on an enterprise value basis. A major step on Hydro's agenda to improve profitability and drive sustainability. The transaction includes seven plants, one R&D center, global sales offices, and around 5,000 employees of which 650 employees in Norway and the remaining mainly in Germany. “Hydro launched a strategic review of our Rolling business area in 2019, along with other strategic measures towards profitability and sustainability. We have now concluded, and our Rolling business will continue its development under new ownership. This is a good solution for both Hydro and for the employees in Rolling, who will continue their efforts and co...
Cynthia Kukielski Spousal Trust, a Close Associate of Director of the Board of Directors in Norsk Hydro, Peter Kukielski, has on February 16, 2021 at 19:49 CET purchased 1,000 American Depositary Receipts (ADRs) in Hydro at USD 5.01 per ADR and 2,000 ADRs in Hydro at USD 5.02 per ADR. New holding is 3,000 ADRs. The ADRs were purchased on OTCQX. Investor contact: Line Haugetraa Head of Investor Relations +4741406376 [email protected] This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Helena Nonka, global head of New business for natural resources at SGS, has been appointed Executive Vice President for Corporate Development in Hydro. Nonka (45) will report to President and CEO Hilde Merete Aasheim and will join the Corporate Management Board. She will start the new position on April 1, replacing Arvid Moss, who has been acting in this newly established role since mid-2019. Nonka is an experienced executive with a global career spanning more than 20 years in the natural resources industry, professional services, consulting, and academia. Helena Nonka comes from a role as the Global Head of New Business for Natural Resources at Swiss based SGS. From 2007 to 2019, Nonka worked for Rio Tinto, where she held several senior commercial and leadership roles globally, includi...
NEW YORK, NY / ACCESSWIRE / February 12, 2021 / Norsk Hydro ASA (OSL:NHY) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 12, 2021 at 8:30 AM Eastern Time.Investor NetworkNEW YORK, NY / ACCESSWIRE / February 12, 2021 / Norsk Hydro ASA (OSL:NHY) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 12, 2021 at 8:30 AM Eastern Time.
Dividend amount: NOK 1.25 per share Declared currency: NOK Last day including right: 06 May 2021 Ex-date: 07 May 2021 Record date: 10 May 2021 Payment date: 19 May 2021 Date of approval: 06 May 2021 Investor contact: Line Haugetraa +47 41406376 [email protected] This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act