South32 to sell bulk of aluminium portfolio to Alcoa for up to $5.6 bln
By Melanie Burton and Shivangi LahiriAustralia's South32 ASX:S32 said on Wednesday it has agreed to sell most of its aluminium assets to Alcoa NYSE:AA for an implied enterprise value of up to $5.6 billion, as the diversified miner streamlines its business to focus on copper under a new CEO.For Alc…