By Rhiannon Hoyle and Elias SchisgallAlcoa has agreed to buy South32's bauxite, alumina and aluminum operations across Australia, Brazil and South Africa in a cash-and-stock deal valued at up to $5.6 billion.The deal secures the prized bauxite and alumina assets near Alcoa's own plants in Western A…
The sale of aluminium assets for up to US$5.6B enables a strategic shift to upstream base metals, unlocking significant value, reducing annual overheads by US$125M, and enhancing growth prospects. Completion is expected in H2 FY27, pending regulatory and shareholder approvals.Original document: Sou…
A binding agreement was reached to sell aluminium value chain assets for up to US$5.6B, enabling a strategic shift to a high-margin, base metals-focused portfolio. The deal includes significant upfront proceeds, cost savings, and shareholder returns, pending regulatory and shareholder approvals.Ori…
South32 Ltd ASX:S32:
South32: Completion Subject to Securing Approvals By June 29, 2027
South32: Alcoa to Assume All Debt, Closure Liabilities For Assets
South32: Full Cost Benefits To Be Realized in FY29
South32 CEO: Initial Return of About $500 Million Via Special Dividend
South32 CEO: Expects $125 Million Annual Reduction in Overhead Costs
South32 CEO: Portfolio To Be Focused on High-Quality, Long-Life Assets With Attractive Markets
South32 Ex-CEO Kerr: Deal With Alcoa Unlocks Significant Value For Shareholders
South32: Graham Kerr Will Continue as Strategic Advisor to Support Transaction
South32: Divestment of Mozal Under Consideration
South32: Matthew Daley Commences as CEO
South32: Idled Mozal Smelter Excluded From Transaction With Alcoa
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…
South32 Ltd ASX:S32:
Australia's South32 ASX:S32 said on Wednesday it has agreed to sell its aluminium value chain assets to Alcoa NYSE:AA for an implied enterprise value of up to $5.6 billion.Seprately, the diversified miner also announced that Matthew Daley has commenced as chief executive officer and managing direct…
Alcoa: South 32 Deal Reinforces Long-Term Commitment, Investment in Australia and Brazil
Alcoa: South 32 Deal Establishes New Presence in South Africa
