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South32 to sell most of its aluminium assets to Alcoa Corporation for up to $5.6bn
Diversified miner South32 has signed a binding conditional agreement to sell its aluminium value chain assets, including its interest in Worsley Alumina, in Australia, and Hillside Aluminium, in South Africa, to NYSE- and ASX-listed Alcoa Corporation for up to $5.6-billion. South32's Mozal Aluminium operation, in Mozambique, is, however, excluded from the transaction. The operation remains on care and maintenance, with divestment under "active consideration".
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morningstar.com
Alcoa Announces Strategic Acquisition of South32’s Bauxite, Alumina, and Aluminum Assets for $4.1 billion
Alcoa Announces Strategic Acquisition of South32’s Bauxite, Alumina, and Aluminum Assets for $4.1 billion
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afr.com
South32 sells aluminium business to Alcoa in $8b deal
Graham Kerr’s final act as chief will see US giant Alcoa buy the miner’s Australian and Brazilian aluminium assets.
