Tuesday, Norsk Hydro ASA (NHYDY.PK) said it has entered into an agreement to divest its automotive structures business to Benteler Automobiltechnik GmbH, the automotive division of the large German industrial enterprise Benteler Group with headquarters in Paderborn, Germany. The agreement represents a solid, long-term industrial solution for Hydro's automotive structures activities, and is in line with Hydro's strategy to focus its extruded activities on profiles solutions and building systems.
The transaction is expected to be cash neutral for Hydro, and an estimated after tax loss of NOK 250 million will be recognized in Hydro's fourth quarter 2009 results. Hydro said it expects the transaction to close by the end of fourth quarter 2009 subject to clearance by relevant competition authorities and other anti-trust bodies.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.