Alcoa Announces Strategic Acquisition of South32’s Bauxite, Alumina, and Aluminum Assets for $4.1 billion
Reinforces Alcoa’s position as a leading pure-play upstream aluminum company with an expanded portfolio of world-class bauxite, alumina, and aluminum assets
South32 upfront consideration of $4.1 billion in cash and stock plus a contingent value right of up to $750 million, with payments based on agreed revenue-sharing linked to future alumina and aluminum prices
Expected to generate significant synergies of approximately $900 million in net present value
Expected to be accretive to Alcoa’s earnings per share and free cash flow immediately following closing
