Battery material specialist Vianode recently announced a transaction where Hydro and Altor Equity Partners will each 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 industrialization 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 total.An investment decision on a first phase plant for Vianode is expected shortly.
Battery material specialist Vianode recently announced a transaction where Hydro and Altor Equity Partners will each 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 industrialization 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 total.An investment decision on a first phase plant for Vianode is expected shortly.
