Signed · Norway · Chemicals and materials
ACG Metals agrees to acquire Blue Moon Norway.
London-listed copper producer ACG Metals agreed on 3 November 2026 to acquire Blue Moon Norway from Canada's Blue Moon Metals for USD 220 million in new ACG shares. Blue Moon Norway holds 94.52% of Nussir, which is building a copper mine near Hammerfest in northern Norway; closing is expected by 30 November 2026. It was signed on 3 November 2026. It had not completed by 3 November 2026.
SigningDay 100
Signing 3 November 2026
- Buyer
- ACG Metals Limited ·London, United Kingdom
- Target
- Blue Moon Norway AS ·Norway
- Type
- Acquisition
- Announced
- 3 November 2026
- Signed
- 3 November 2026
- Value
- USD 220 million (paid in new ACG shares)
- People
- Not stated in the release
- Last checked
- 3 November 2026
The people side in Norway
- In a transfer of an undertaking or part of one, existing employment rights and duties pass to the new employer, and the transfer itself is no ground for dismissal. Working Environment Act (arbeidsmiljøloven), sections 16-2 and 16-4
- Old and new employer inform and discuss the transfer with employee representatives as early as possible. Employees may object, with at least 14 days from being informed. Working Environment Act (arbeidsmiljøloven), sections 16-3 and 16-5
- From NOK 1 billion combined Norwegian turnover, with two parties each over NOK 100 million, a merger or acquisition of control is notified and may not close before the review ends. Competition Act (konkurranseloven), sections 18 and 19
Sources
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