Tuesday, August 19, 2008

Norsk Hydro ASA to hive off 29.7% stake in Qatar Vinyl Company to Qatar Petroleum

Norsk Hydro ASA has completed the divestment of Hydro's Polymers activities, with the sale of its 29.7% ownership interest in Qatar Vinyl Company (QVC) to Qatar Petroleum, at US$136 million.
Hydro eentered into an agreement to sell its Polymers activities to INEOS in late May 2007, consisting of production facilities in Norway, Sweden and the UK, and the 29.

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