Mexico's Alfa completes buy of Norsk Hydro unit

Newswire

MEXICO CITY, Feb 28 (Reuters) - Mexican conglomerate Alfa completed on Wednesday its previously announced acquisition of the European aluminum casting operations of Norway's Norsk Hydro for 411 million euros ($529 million). Alfa said its Nemak auto parts unit headed the transaction, buying four facilities in Hungary, Germany, Austria and Sweden that manufacture cylinder heads and engine blocks for the auto industry. "We intend to enhance our operations in Europe by combining our existing ...

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