Editing BRIEF-Norsk Hydro To Buy Remaining 50 Pct Of Sapa From Orkla

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<br>July 10 (Reuters) - Norsk Hydro Asa<br> <br>* Norsk hydro: hydro acquires [https://www.kynghidongduong.vn/tours/combo-du-lich-sapa-sa-pa-tu-ha-noi-tu-hcm-gia-re-dich-vu-chat-luong.html combo sapa giá rẻ] to create a global aluminium champion<br> <br>* Orkla and Norsk Hydro have entered into an agreement whereby Hydro is to purchase Orkla's 50% interest in [https://www.kynghidongduong.vn/tours/combo-du-lich-sapa-sa-pa-tu-ha-noi-tu-hcm-gia-re-dich-vu-chat-luong.html combo du lịch sapa]<br> <br>* Sapa enterprise value NOK 27 billion ($3.24 billion)<br> <br>* Accretive to earnings and strong cash generation from sapa from day 1<br> <br>* Synergies of nok 200 million per year, mainly related to remelt and recycling<br> <br>* Transaction will be financed through cash positions and issuance of bonds in norwegian and international markets, and will be temporarily funded by committed undrawn credit lines<br> <br>* Committed to retain its investment grade rating and a [http://dictionary.reference.com/browse/robust%20balance?s=ts robust balance] sheet<br> <br>* Hydro will maintain its dividend policy of returning 40 percent of net income over cycle, with nok 1.25 per share seen as a floor in 2017.<br> <br>* Purchase price will be paid in cash at completion, adjusted for net debt and normalized working capital<br> <br>* Sapa will enable us to assume global leadership, [http://search.ft.com/search?queryText=establish establish] a platform for growth, and provide responsible operations and sustainable solutions for future low-carbon economy<br> <br>* Is now confirming its position as world's leading integrated aluminium company and transaction reinforces our strategic direction Source text for Eikon: Further company coverage: ($1 = 8.3422 Norwegian crowns) (Reporting By Terje Solsvik)<br>
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<br>July 10 (Reuters) - Norsk Hydro Asa<br> <br>* Norsk hydro: hydro acquires sapa to create a global aluminium champion<br> <br>* Orkla and Norsk Hydro have entered into an agreement whereby Hydro is to purchase Orkla's 50% interest in [https://www.kynghidongduong.vn/tours/combo-du-lich-sapa-sa-pa-tu-ha-noi-tu-hcm-gia-re-dich-vu-chat-luong.html combo du lịch sapa]<br> <br>* [https://www.kynghidongduong.vn/tours/combo-du-lich-sapa-sa-pa-tu-ha-noi-tu-hcm-gia-re-dich-vu-chat-luong.html combo sapa] enterprise value NOK 27 billion ($3.24 billion)<br> <br>* Accretive to earnings and strong cash generation from sapa from day 1<br> <br>* Synergies of nok 200 million per year, mainly related to remelt and recycling<br> <br>* Transaction will be financed through cash positions and issuance of bonds in norwegian and international markets, and will be temporarily funded by committed undrawn credit lines<br> <br>* Committed to retain its investment grade rating and a robust balance sheet<br> <br>* Hydro will maintain its dividend policy of returning 40 percent of net income over cycle, with nok 1.25 per share seen as a floor in 2017.<br> <br>* Purchase price will be paid in cash at completion, adjusted for net debt and normalized working capital<br> <br>* [https://www.kynghidongduong.vn/tours/combo-du-lich-sapa-sa-pa-tu-ha-noi-tu-hcm-gia-re-dich-vu-chat-luong.html combo du lịch sapa] will enable us to assume global leadership, establish a [https://twitter.com/search?q=platform&src=typd platform] for growth, and provide responsible operations and sustainable solutions for future low-carbon economy<br> <br>* Is now confirming its position as world's leading integrated aluminium company and transaction reinforces our [https://knoji.com/search/?query=strategic%20direction strategic direction] Source text for Eikon: Further company coverage: ($1 = 8.3422 Norwegian crowns) (Reporting By Terje Solsvik)<br>

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