Alcoa announces $4.1 billion acquisition of South32 assets
The deal includes bauxite, alumina, and aluminum operations, strengthening Alcoa's vertical integration and supply chain control.
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In short: Alcoa acquired South32's upstream assets for up to $5.6B, financed with $2.6B notes, posted record Q2 revenue, and cut alumina guidance.
The deal includes bauxite, alumina, and aluminum operations, strengthening Alcoa's vertical integration and supply chain control.
The company raised $2.6 billion through senior note offerings to finance the cash portion of its proposed acquisition of South32's bauxite and alumina assets.
The company acquires South32's bauxite, alumina, and aluminum assets via an SEC Statement of Changes in Beneficial Ownership.
The joint venture includes Australian, Japanese, and US partners. Construction will create up to 200 temporary jobs and twenty permanent positions at the Wagerup refinery.
New documents reveal the state government warned Alcoa there was a risk of future operations being shut down if the company ...
Alcoa Corporation (NYSE:AA, ASX:AAI) ("Alcoa") announced today a proposed offering of $2,600,000,000 aggregate principal amount of senior notes (the "notes"), consisting of senior notes due...
An update from Alcoa ( ) is now available. On September 9, 2026, Alcoa announced a proposed $2.6 billion senior notes offering, split between 2034...
Alcoa is confident its $5.6 billion acquisition of several aluminium mines in Australia, Brazil and South Africa from rival South32 will receive unconditional antitrust approval...
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