Veronica Ek

Oct 23, 2024 | news.bloombergtax.com | Veronica Ek

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Oct 23, 2024 | news.bloomberglaw.com | Veronica Ek

Hydro has decided to reduce its ownership in synthetic graphite producer Vianode to 19.9% from 30%. • Private equity fund Altor exercised on Sept. 6 a put option requiring Hydro to acquire an additional 20% of Vianode; transaction has not been executed• Hydro agreed with Altor to cancel the put option and has further sold 10.1% of Vianode to Altor• As part of the agreement, Hydro and Altor have a mutual put/call option for the remaining 19.9%, which will be exercised no later than Feb.