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German Ruhrgas Buys From Hydro

German gas distributor, Ruhrgas has come into agreement and purchased 15 per cent of Norsk Hydro's shares in Gasnor ASA and 14 per cent of Naturgass A/S, according to the Norway Post. This leaves Hydro with 23 per cent of Gasnor shares and 21.1 per cent in Naturgass, leaving Hydro with a more balanced ownership, compared with other shareholders. After Hydro acquired Saga Petroleum, this left Hydro with a strong position in the two Norwegian marketing and distribution companies.