Bid for Hydro collapses

Bains, Elizabeth; Gibson, Jane
May 2007
ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p8
Trade Publication
The article reports on the failure of the acquisition deal between Ineos and Hydro Polymers. Norwegian daily newspaper Dagens Naeringsliv reported that INEOS had bid Norwegian kroner (NKr) 4.5 billion-5 billion for the business, which is owned by Norsk Hydro. Norsk Hydro said that it intended to divest or publicly list the division, and in April 2007, Hydro Polymers applied to the Oslo Stock Exchange for a listing.


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