Hydro acquires remaining shares in Hydrovolt
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Hydro has acquired the remaining shares in Hydrovolt, increasing its ownership from 72% to 100% for NOK 78 million. This move strengthens Hydro's position in the battery recycling sector.
January 13, 2025 | 7:15 am
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Hydro has acquired the remaining shares in Hydrovolt, increasing its ownership from 72% to 100% for NOK 78 million. This acquisition strengthens Hydro's position in the battery recycling sector.
The acquisition of the remaining shares in Hydrovolt allows Hydro to fully control and integrate the battery recycling operations, potentially leading to operational efficiencies and strategic advantages in the growing battery recycling market. This is likely to be viewed positively by investors, as it aligns with global trends towards sustainability and recycling.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90