Hydro Aluminum is calling for the sale of 100% of Alumetal shares at PLN 78.69 per share, according to Pekao Investment Banking, an intermediary in the sale.
The caller’s direct parent company is Norsk Hydro ASA.
The subscription will begin May 26 and end June 30, 2023. The expected date of the stock purchase transaction is July 5, 2023.
The press release states that Hydro is offering PLN 78.69 for each Alumetal share paid in cash, wchich represents a 15% premium to the price offered in Hydro’s first tender offer in April 2022.
Source : PAP