Macquarie Green Energy And Climate Opportunities Fund Scsp, managed by Macquarie Asset Management agreed to acquire a 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY) on October 23, 2023. The transaction values Hydro Rein at $333 million. Post closing, Norsk Hydro will still hold a majority stake of 50.1% in Hydro REIN. The transaction is pending regulatory clearance and should be finalised in the second quarter of 2024. Sindre Aalrust Hegsethtrø of Nordea Bank Abp, Filial I Norge acted as financial advisor to Norsk Hydro ASA (OB:NHY). As on October 24, 2023 Macquarie Asset Management signed an agreement with Hydro to acquire a 49.9% stake in Hydro REIN. As of May 9, 2024, European Commission (EC) has given approval for the transaction.

Macquarie Green Energy And Climate Opportunities Fund Scsp, managed by Macquarie Asset Management Inc. completed the acquisition of 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY) on June 24, 2024. The funds will be transferred by June 25, 2024.