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EQUITIES: Norsk Hydro rights for Vale buy

Wednesday, May 05, 2010
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Aluminium producer Norsk Hydro will launch a NKr10bn (US$1.75bn) fully underwritten rights issue to finance its US$4.9bn acquisition of Brazilian mining company Vale's bauxite, alumina and aluminium assets. The Vale purchase involves a cash payment of US$1.1bn and a 22% stake in Norsk Hydro.

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