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 Announces Agreement to Sell its 25.1% Stake in Ma’aden Joint Venture to Ma’aden
Alcoa (NYSE: AA, ASX: AAI) (“Alcoa” or the “Company”) announced today that it has entered into a binding share purchase and subscription agreement (th
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 ...
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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 ...
Behind the Scenes of Alcoa's Latest Options Trends
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range ...
Alcoa (AA) Gets a Buy from Morgan Stanley
Morgan Stanley analyst Carlos De Alba maintained a Buy rating on Alcoa (AA – Research Report) today and set a price target of $48.00. The ...
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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 ...
Maaden in Talks to Sell Aluminum Units to Bahrain’s Alba
Aluminum supplier Saudi Arabian Mining Co., which just signed a deal with Alcoa Corp., is pursuing another transaction to ...
Alcoa’s Mixed Financial Outlook and Hold Rating Justification
Lawson Winder, an analyst from Bank of America Securities, reiterated the Hold rating on Alcoa (AA – Research Report). The associated ...
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Behind the Scenes of Alcoa's Latest Options Trends
Alcoa Call and Put Volume: 30-Day Overview Alcoa Corp is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary ...
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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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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 ...