Sept 14 (Reuters) - Rio Tinto RIO.L RIO.AX said on Friday that Norway's Hydro NHY.OL had dropped plans to buy several of the miner's assets, including an aluminium plant in Iceland for $345 million.
In February, Hydro made an offer to buy the aluminium plant, as well as a 53 percent stake in a Dutch anode facility and 50 percent of the shares in a Swedish aluminium fluoride plant, as part of its efforts to make its output as green as possible and bolster its position in Europe. said in a separate statement it had dropped plans to buy the assets because approval from European Commission competition regulators was taking longer than anticipated.