UPDATE 3-Norway's Norsk Hydro sells unit to Mexico's Alfa

Newswire

(Recasts, updates stock price) OSLO, Nov 27 (Reuters) - Norway's Norsk Hydro said on Monday it agreed to sell its European auto parts casting business to Mexican conglomerate Alfa for 416 million euros ($546.3 million). Alfa said the purchase of Norsk Hydro's operations in Germany, Austria, Hungary and Sweden by its Nemak auto parts subsidiary was part of a plan to expand in strategic countries. Energy and aluminium group Norsk Hydro also agreed to sell its 49.99 percent stake in a ...

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