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KPS Capital Partners to Acquire Aluminum Rolling Business from Norsk Hydro ASA
KPS Capital Partners, LP ("KPS") today announced that it has signed a definitive agreement to acquire the global aluminum rolling business ("Rolling" or the "Company") from Norsk Hydro ASA (NHY.OL, "Hydro") for €1.38 billion (approximately $1.67 billion). Completion of the transaction is expected mid-year 2021 and is subject to customary closing conditions and approvals.