Alcoa sells 25.1% stake in Ma’aden Joint Venture for $1.1 billion
The deal involves about 86 million shares and $150 million in cash, enhancing Alcoa’s financial flexibility and long-term competitiveness
Alcoa, a leading global industry entity in bauxite, alumina and aluminum products, has reached an agreement to sell its 25.1% stake in the Ma'aden joint venture to the Saudi Arabian Mining Co. (Ma'aden) for a total of approximately $1.1 billion.
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