Norsk Hydro sold 49.9% of Hydro Rein to Macquarie Asset Management for $214m, valuing Hydro Rein at $333m.
Norsk Hydro sold 49.9% of its renewable energy company, Hydro Rein, to Macquarie Asset Management for $214m, valuing Hydro Rein at $333m. The deal funds Hydro Rein's current projects and future development, aiming to support industries in reducing CO2 emissions. Hydro and Macquarie have worked together since 2017, developing 1.3 GW of renewable energy capacity.
June 24, 2024
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