Norsk Hydro says completes Qatar Vinyl stake sale

OSLO, Aug 18 (Reuters) - Norwegian aluminium group Norsk Hydro said on Monday it completed the sale of its 29.7 percent stake in Qatar Vinyl Company (QVC) for $136 million to Qatar Petroleum. Norsk Hydro ASA said it would book a 100 million Norwegian crowns ($18.50 million) gain on the sale in the third quarter. QVC was part of Norsk Hydro's petrochemical operations, most of which were sold to UK group Ineos in 2007. Qatar Petroleum exercised its pre-emptive right to buy Norsk Hydro's stake in QVC. "This completes the divestment of Hydro's Polymers activities," Norsk Hydro said. (Reporting by John Acher; Editing by Paul Bolding)