Hydro buys remaining shares in Hydrovolt from Northvolt

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STOCKHOLM : Norway's Hydro said on Monday it has agreed to buy the remaining shares in battery recycler Hydrovolt from Swedish battery maker Northvolt for 78 million Norwegian crowns ($6.79 million).

FILE PHOTO: Northvolt facility in Vasteras, Sweden, September 29, 2021.

Hydro said in a statement it was increasing its stake in Hydrovolt to 100 per cent from 72 per cent through the deal.

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Article Details

Category: EconomyBusiness

Markets: SingaporeNorwaySweden

Topics: Photo: Cent Northvolt File Stake Experience Battery Mediacorp Hydrovolt Hydro Facility

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 15:33:04 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 149 words

Reading Time: 1 minutes read

Sentences: 22 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25101105

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