OSLO, Norway, Dec. 20, 2002 (PRIMEZONE) -- Norsk Hydro ASA and Alcan have today signed the definitive documentation regarding the sale of the former VAW Flexible Packaging to Alcan Inc, after completing consultations with the representative employee bodies.
The transaction will be subject to clearance by European competition authorities.
The initial announcement of the sale of VAW Flexible Packaging was made on 22 November. For further information please refer to www.hydro.com
Certain statements in this press release are or may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not in the nature of historical facts may be deemed to be forward-looking statements and may contain identifying words such as "believes", "anticipates", "plans", "expects" and similar expressions. These forward looking statements are based on Hydro's current expectations, assumptions, estimates and projections about the company and the industries in which it engages in business. All forward-looking statements involve risks and uncertainties. For a detailed description of factors that could cause Hydro's actual results to differ materially from those expressed in or implied by suchstatements, please refer to its annual report on Form 20-F for the year-ended December 31, 2001 and subsequent filings on Form 6-K with the U.S. Securities and Exchange Commission.