Alcoa, Saudi Arabia
Alcoa to Get $1.1 Billion for Stakes in Saudi Aluminum Plants
Alcoa Corp. will receive $1.1 billion in cash and stock in Saudi Arabian Mining Co. as part of a deal that will involve the Pittsburgh-based firm selling its stake in two metals plants in northern Saudi Arabia.
Alcoa to Sell Saudi Arabia Venture Stake in $1.1 Billion Deal
Alcoa has agreed to sell its 25.1% stake in a joint venture with Saudi Arabian Mining, the state-owned mining company better known as Ma'aden, to Ma'aden in a deal valued at about $1.1 billion. Alcoa on Sunday said it will receive $150 million in cash and about 86 million Ma'aden shares valued at around $950 million for its stake in the venture,
Alcoa Stock Rises After Company Sells Stake in Saudi Arabia Joint Venture
Key Takeaways Alcoa said it was selling off its stake in a Saudi Arabia joint venture to improve its long-term competitiveness.The company held 25.1% of the Saudi Arabia Mining Company, or Ma'aden, and the deal will give Alcoa $1.
Alcoa to sell off joint venture in Saudi Arabia
The terms of the deal require Alcoa to keep the Ma’aden shares for three years, and transfer up to one-third o
Alcoa Strikes $1.1 Billion Stock-Cash Deal to Exit Saudi Arabian Aluminum Joint Venture
Alcoa (AA) agreed to offload its entire stake in a joint venture with Saudi Arabian Mining, known as Ma'aden, to the state-owned mining company in a stock and cash deal worth $1.1 billion. The aluminum manufacturer will sell its 25.
Alcoa jumps with aluminum prices after India alumina refinery disruption
Alcoa (NYSE:AA) +7.2% in Monday's trading alongside surging aluminum prices following news that that a water storage pond at ...
Insider Monkey5d
Alcoa Corporation (AA): Among the Best Aluminum and Aluminum Mining Stocks to Buy Now
Alcoa Corporation (NYSE:AA) Number of Hedge Fund Holders: 40 Alcoa Corporation (NYSE:AA) is a global leader in bauxite, alumina, and aluminum products that are sold internationally. Established ...
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ALUMINUM: Alcoa in Alaska
It would eventually boost Alcoa’s aluminum capacity 60% to 2.1 billion pounds annually, provide year-round employment for 4,000 and create a new Alaskan city of 20,000. Alcoa’s plan is to dam ...
Seeking Alpha16d
Alcoa upgraded at Wolfe on improving aluminum outlook
citing weakness in the stock during the past month even as aluminum prices have increased ~6%. The upgrade also is partly attributed to Alcoa's (AA) increased stake in Alumina Ltd. (OTCQX ...
Investing14d
Earnings call: Alcoa outlines strategic moves and green aluminum ambitions
Alcoa Corporation (NYSE: NYSE:AA), a leader in the aluminum sector, detailed strategic actions and financial updates during its recent earnings call. The company emphasized its focus on reducing ...
Yahoo Finance5d
Alcoa Corporation (AA): Among the Best Aluminum and Aluminum Mining Stocks to Buy Now
In Q2 2024, Alcoa Corporation (NYSE:AA) achieved a revenue upsurge of 8.3% compared to the same quarter last year, driven by higher alumina and aluminum prices. Revenue in the Alumina segment rose ...
Seeking Alpha4d
Alcoa jumps with aluminum prices after India alumina refinery disruption
Alcoa (NYSE:AA) +7.2% in Monday's trading alongside surging aluminum prices following news that a water storage pond at a Vedanta alumina refinery in India collapsed, potentially removing more ...
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Massena home to second ‘Coolest Thing Made in New York’
The results are in and a product made in Massena came close to winning the title of the coolest thing made in New York. Alcoa ...
Yahoo Finance6d
Alcoa to Get $1.1 Billion for Stakes in Saudi Aluminum Plants
Maaden will wholly own its aluminum business, and Alcoa will hold a 2.2% stake in Maaden once the deal is completed. “The transaction simplifies our portfolio, enhances visibility in the value ...