Hydro reports preliminary 2010 pro forma financials after Hydro-Vale transaction

Norsk Hydro ASA is reporting preliminary unaudited pro forma condensed combined financial information for 2010 after completing the acquisition of Vale S.A.'s aluminium business on February 28, 2011. The preliminary pro forma financials are released to provide further details on the acquired businesses ahead of Hydro's first quarter results 2011 to be released on April 29.

In the transaction Hydro acquired from Vale 60 percent in the Paragominas bauxite mine, 57 percent in the Alunorte alumina refinery, 51 percent in the Albras aluminium smelter and 61 percent in the CAP alumina refinery project. Hydro already had a 34 percent stake in Alunorte and 20 percent in CAP prior to the transaction.