When Vale receives its 22 percent ownership stake, the state’s shareholding will drop to 34.5 percent from 43.8 percent, says Hydro’s main owner, the Norwegian state as it takes part in the rights issue to maintain its stake. 91 percent ownership in the world’s largest alumina refinery Alunorte 51 percent in the Albras aluminum plant and 81 percent in the CAP alumina refinery project, the report said.

Trade and Industry Minister Trond Giske said,” This looks like a very good positioning by Norsk Hydro. The government has concluded that it is acceptable to cut its stake”. Martins, in Oslo for the announcement said, "Vale will benefit from integrating its resources in an organization with both upstream and downstream activities and we expect to grow more in this new organization than we would have independently”. While Hydro Chief Executive Svein Richard Brandtzaeg told reporters, "The acquisition in Brazil will secure raw materials for more than a hundred years of aluminum production. This gives the entire company greater strength and makes us more robust”.

Hydro said, “It has always been dependent on buying the materials to make aluminum, such as bauxite and alumina. Industry surveys showed that demand for aluminum would grow by 76 percent 2010-2020 and that gaining better access to bauxite and alumina would help Hydro expand”.