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Norsk Hydro buys Vale's aluminium business
Citation-ready fact
The deal is valued at $4.9bn
4.9 bn · deal value
Norsk Hydro, Norwegian aluminium producer
Citation-ready fact
Vale will receive $1.1bn in cash and a 22% stake in Norsk Hydro
1.1 bn · cash received22 % · stake in Norsk Hydro
Norsk Hydro, Norwegian aluminium producer
Citation-ready fact
About 3,600 Vale employees will be transferred to Norsk, which already employs 19,000 people in 40 countries
3600 employees · employees transferred19000 employees · employees at Norsk Hydro40 countries · countries of operation
Norsk Hydro, Norwegian aluminium producer
Citation-ready fact
Norsk Hydro will buy Vale's 60% stake in the world's third-biggest bauxite mine, Paragominas, Brazil
60 % · stake in Paragominas mine3 rank · bauxite mine ranking
Norsk Hydro, Norwegian aluminium producer
Citation-ready fact
Vale is the world's third largest coal mining company
3 rank · coal mining company ranking
Norwegian aluminium producer Norsk Hydro has agreed to buy a majority stake in the aluminium operations of Brazilian miner Vale.
The deal is valued at $4.9bn with Vale receiving $1.1bn in cash and a 22% stake in Norsk Hydro.
The Norwegian firm said the deal would improve competitiveness by securing access to bauxite and alumina.
About 3,600 Vale employees will be transferred to Norsk, which already employs 19,000 people in 40 countries.
Vale is the world's third largest coal mining company.
As part of the deal, Norsk Hydro will buy Vale's 60% stake in the world's third-biggest bauxite mine, Paragominas, Brazil.
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