Feb 26 (Reuters) - Norsk Hydro Asa NHY.OL :
* HYDRO WITH BINDING OFFER TO ACQUIRE ICELANDIC ALUMINIUM PLANT ISAL
* BINDING OFFER TO ACQUIRE RIO TINTO'S 100% SHARE OF ICELANDIC ALUMINIUM PLANT ISAL
* OFFER ALSO INCLUDES DUTCH ANODE FACILITY ALUCHEMIE AND SWEDISH ALUMINIUM FLUORIDE PLANT ALUFLUOR
* HYDRO - BINDING OFFER TO ACQUIRE RIO TINTO'S ICELANDIC ALUMINIUM PLANT RIO TINTO ICELAND LTD ("ISAL"), ITS 53% SHARE IN DUTCH ANODE FACILITY ALUMINIUM & CHEMIE ROTTERDAM, AND 50% OF SHARES IN SWEDISH ALUMINIUM FLUORIDE PLANT ALUFLUOR AB FOR USD 345 MILLION
* TRANSACTION IS EXPECTED TO BE FINALIZED IN Q2 OF 2018
* WITH ISAL'S 210,000 MT OF ALUMINIUM BASED ON RENEWABLE POWER, HYDRO INCREASES ITS TOTAL CAPACITY IN PRIMARY ALUMINIUM PRODUCTION TO 2.4 MILLION MT IN 2018
* TRANSACTION REINFORCES HYDRO'S STRATEGIC DIRECTION OF BEING A FULLY INTEGRATED ALUMINIUM COMPANY