Hydro to List or Sell Polymers in Second Quarter

Norsk Hydro has appointed stockbrokers ABG Sundal Collier (Oslo) to advise on the previously announced sale or listing of Hydro Polymers, Hydro CEO Eivind Reiten tells CW (CW, Jan. 10, p. 5). “We are working on exiting the polymers business, and the target is the second quarter,” Reiten says. Reiten was speaking last week in London at Hydro’s fourth-quarter and full-year 2006 results presentation. Previously announced plans to merge Hydro’s oil and gas activities with Statoil, to create the world’s largest offshore operator, are...

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