By Antony CurrieThere's nothing like proving the doubters wrong. Graham Kerr must be feeling that as he steps down after 11 years running South32 ASX:S32. The $13 billion Sydney-listed mining company was laughed off and dubbed a "CrapCo" by analysts, investors and journalists alike when it was spun…
The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:** Australia's Perpetual ASX:PPT said it had rejected a non-binding takeover proposal from Swedish private equity firm EQT AB OMXSTO:EQT that values the financial services provider at A$2.45 billion ($1.6…
Alcoa announced a definitive agreement to acquire South32’s bauxite, alumina and aluminum smelter interests for $4.1 billion upfront.Key Highlights:Original SEC Filing: Alcoa Corp [ AA ] - 8-K - Jul. 01, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying important in…
Shares of Alcoa Corp. (AA) tumbled nearly 5% in the premarket session on Wednesday after the company announced that it would acquire Australian mining company South32 Limited’s bauxite, alumina and aluminum assets in a deal worth up to $5.45 billion.The deal includes $4.1 billion in upfront cash-an…
Alcoa to buy South32’s bauxite, alumina and aluminum ops in Australia, Brazil and South Africa for up to $5.6B (cash + stock), assumes ~$750M debt; expected close H1 2027.UBS maint
By Antony CurrieThere's nothing like proving the doubters wrong. Graham Kerr must be feeling that as he steps down after 11 years running South32 ASX:S32. The $13 billion Sydney-listed mining company was laughed off and dubbed a "CrapCo" by analysts, investors and journalists alike when it was spun…
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"…
By Aamir KhalidAustralian shares ended lower on Wednesday, the first trading day of the new financial year, as banks dragged on softer house price data, though gains in miners, led by South32, limited losses.The S&P/ASX 200 index ASX:XJO closed 0.6% lower at 8,722.90. The benchmark had ended down 0…
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…
South32 Ex-CEO: Spoke About Including Mozal Early in Alcoa Deal Talks
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…
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…
South32 Shares Up 9.1% in Sydney After Alcoa Aluminum Deal
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…
Alcoa's planned $4.1 billion acquisition of South32's bauxite, alumina, and aluminum assets are expected to generate synergies of $900 million as it optimizes operations, strengthening Alcoa's ability to serve customers at scale. The deal brings together the Boddington bauxite mine and Worsley alum…
South32: Completion Subject to Securing Approvals By June 29, 2027
South32: Alcoa to Assume All Debt, Closure Liabilities For Assets
