Norsk Hydro Asa (GB:0Q11) has released an update.
Norsk Hydro ASA has decided to reduce its ownership in Vianode, a synthetic graphite producer, from 30% to 19.9% by selling a 10.1% stake to Altor. This strategic decision aligns with Hydro’s focus on investing in projects that support its long-term priorities toward 2030, despite Vianode’s growth in the low-carbon graphite market. Hydro has also made significant write-downs on its investments in Vianode totaling 956 million kroner.
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