Approval for Hydro-Vale deal delayed to ’11

Dec 14, 2010 | 12:51 PM |

Norsk Hydro ASA's $4.9-billion acquisition of Vale SA's aluminum assets has been delayed by regulatory hurdles and will close in the first half of 2011 rather than by the end of this year.

"The reason for the delay relates to mining rights and regulatory approval processes in Brazil, which are taking longer than anticipated," the Norwegian company said Tuesday. "The transaction involves the transfer of a large....

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