Hydro Signs Agreement to Sell Polymers BusinessHydro Signs Agreement • May 22nd, 2007 • Norsk Hydro a S A • Crude petroleum & natural gas
OSLO, Norway, May 21, 2007 (PRIME NEWSWIRE) -- Norsk Hydro ASA has entered into an agreement to sell its polymers activities to the UK-based chemicals company INEOS for approximately NOK 5.5 billion for net debt and equity as of 31 December 2006. The agreement represents a good, long-term industrial solution for Hydro's polymers business.
