TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
Italy Fines Apple €98.6 Million Over App Store Dominance 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays 
OSLO, Norway, June 24, 2016 -- The sale of Herøya Industrial Park AS to Oslo Pensjonsforsikring AS (OPF) was completed Thursday, June 23.
The transaction gives Hydro a book gain of approximately NOK 350 million with accounting effect from June 1. The agreement with Oslo Pensjonsforsikring, a life insurance company wholly owned by the Oslo city authority, was first announced December 18, 2015.
The transaction does not include the power supply network, which will continue to be operated by Hydro's wholly owned subsidiary Herøya Nett AS.
For many decades, Herøya was Hydro's largest and most important production site. Industrial activity began there in 1929 with the establishment of Eidanger Salpeterfabrikker. The site was gradually developed, first with production of fertilizer and fertilizer byproducts, and later with production of PVC and magnesium. At its peak in the 1960s, the site had 6,500 employees.
Investor contact
Contact Stian Hasle
Cellular +47 97736022
E-mail [email protected]
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail [email protected]
HUG#2022817
