Norsk Hydro to sell canstock mill

摘要

Norwegian aluminium maker Norsk Hydro has agreed to sell off its rolling business, including its canstock production capacity, to private equity. The €1.4 billion (US$1.7bn) deal will see the company offload seven mills, including Grevenbroich in Germany, which produces aluminium coil used by canmakers. The deal is expected to be completed by the middle of the year. The sale to KPS Capital Partners will also include a research and development centre and sales offices.