Elkem, Hydro and Altor complete transaction to further develop Vianode

2022-09-14

Sep. 14, 2022 - Vianode recently announced a transaction where Hydro and Altor Equity Partners each will acquire 30% ownership in Vianode, while Elkem will retain the remaining 40% ownership. The transaction is now approved by competition authorities, providing Vianode with significant backing to accelerate the industrialisation of advanced battery materials with a green footprint in Europe.

The closing of the transaction represents an important milestone to accelerate the growth of Vianode as a company. Through the transaction, the partners will contribute to financing a first-phase plant and preparations for a potential full-scale plant, estimated at around NOK 2 billion.

An investment decision for a first-phase plant for Vianode is expected shortly.