BUSINESSTHE RIO TIMES
Alcoa Buys South32 Aluminum Assets for $4.1bn, Deepening Brazil
Alcoa agreed to purchase South32’s bauxite, alumina, and aluminum assets for $4.1 billion, consisting of $3.1 billion in cash and 17 million Alcoa shares. The assets include South32’s stakes in the Alumar complex in Brazil.
Related Signal
Adjacent reporting
- Alcoa strikes $4.8bn deal for South32’s alumina and bauxite assets
- China’s Yancoal Buys Australia Mine Stake for Up to $2.4 Billion
- Bahrain presses ahead with plan to buy French aluminum smelter
- Fertitta Entertainment agrees to buy Caesars Entertainment for $17.6 billion
- PGIM Backs $4B of US Land-Bank Deals in Asset-Based Push