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Financial advisors appointed for Agri process

September 4, 2003, 16:00 CEST

Norsk Hydro has chosen UBS and ABG Sundal Collier as its financial advisers in connection with the establishment of the Agri business area as an independent listed company.

Norsk Hydro's board of directors on 19 June decided to begin preparations for establishing Agri as a separate Norwegian-listed company listed on the Oslo Stock Exchange. The Hydro group will in the future concentrate its operations fully on the business areas Oil & Energy and Aluminium.

The decision follows a comprehensive review of the portfolio with a view to maintaining the best value creation for the company and its shareholders.