RNS Number : 5636K South32 Limited 01 July 2026 1 July 2026South32 Limited(Incorporated in Australia under the Corporations Act 2001 (Cth))(ACN 093 732 597)ASX / LSE / JSE Share Code: S32; ADR: SOUHYISIN: AU000000S320south32.netAGREEMENT TO SELL ALUMINIUM VALUE CHAIN ASSETSSouth32 Limited (ASX…
RNS Number : 5633K South32 Limited 01 July 2026 1 July 2026South32 Limited(Incorporated in Australia under the Corporations Act 2001 (Cth))(ACN 093 732 597)ASX / LSE / JSE Share Code: S32; ADR: SOUHYISIN: AU000000S320south32.netAGREEMENT TO SELL ALUMINIUM VALUE CHAIN ASSETS TO ALCOA FOR UP TO U…
WASHINGTON (dpa-AFX) - Alcoa Corporation (AA) said late Tuesday it has agreed to acquire South32 Limited's aluminum, alumina and bauxite assets in a cash-and-stock deal valued at about $4.1 billion upfront.The acquisition includes South32's interests in the Boddington bauxite mine and Worsley alumi…
(05:53 GMT) **South32 CEO: Not Currently in Any Other Detailed M&A Discussions (05:53 GMT) *South32 CEO: Has Been 'Consumed' By Aluminum Deal With Alcoa (05:54 GMT) *South32 CEO: Will Be Opportunistic at Right Time in Pursuing Deals (05:54 GMT) *South32 CEO: To Be 'Very Measured' in Approach to Cap…
By Rhiannon HoyleSouth32 isn't currently in any detailed discussions to buy other assets, as it reshapes its portfolio with an up to $5.6 billion sale of its aluminum business, the miner's chief executive officer said in an interview.Matt Daley said South32 will "be opportunistic at the right time"…
South32 Ex-CEO: Has Had Other Interest in Mozal
South32 Ex-CEO: Intends to Test Market If Mozal Partners Aren't Interested in Buying
South32 Ex-CEO: In Talks With Mozal Partners About Their Interest in Asset
South32 Ex-CEO: Didn't Make Sense to Muddy Waters by Including Mozal
South32 CEO: Thinks Copper, Zinc The 'Right Commodities' To Be In
South32 Ex-CEO: Spoke About Including Mozal Early in Alcoa Deal Talks
South32 CEO: To Be 'Very Measured' in Approach to Capital Allocation Post-Deal Closure
South32 CEO: Will Be Opportunistic at Right Time in Pursuing Deals
South32 CEO: Has Been 'Consumed' By Aluminum Deal With Alcoa
*South32 CEO: Not Currently in Any Other Detailed M&A Discussions
By Rhiannon Hoyle and Elias SchisgallAlcoa has agreed to buy South32's bauxite, alumina and aluminum assets across Australia, Brazil and South Africa in a cash-and-stock deal valued at up to $5.6 billion.The deal secures prized bauxite and alumina operations near Alcoa's own plants in Western Austr…
South32 is expected to accelerate capital-management initiatives once it closes the sale of its aluminum-related assets--excluding the idled Mozal smelter--to Alcoa, Jefferies says. That could include larger share buybacks, according to Jefferies. The bank says it also "can't rule out [the] potenti…
Alcoa's acquisition of South32's bauxite, alumina and aluminum assets makes strategic and economic sense, Jefferies says. The bank thinks there is a risk Alcoa will issue equity to pay down debt after the deal closes, although that isn't management's base-case plan, Jefferies says. Still, that coul…
Australian shares inched lower on Wednesday, the first day of the new financial year, weighed down by major banks, though gains in South32 ASX:S32 helped cap losses after the diversified miner agreed to sell most of its aluminium assets.The S&P/ASX 200 index ASX:XJO fell 0.1% to 8,774.20 by 0010 GM…
South32 ASX:S32 CEO Matthew Daley said on Wednesday he was open to mergers and acquisitions but any deal must add value to the company, after the diversified miner agreed to sell the bulk of its aluminium portfolio to Alcoa NYSE:AA for up to $5.6 billion."We will definitely look at opportunities th…
