Alcoa Stock Rises After Company Sells Stake in Saudi Arabia Joint …
WEB6 days ago · The company held 25.1% of the Saudi Arabia Mining Company, or Ma'aden, and the deal will give Alcoa $1.1 billion in Ma'aden stock and cash. The joint venture was formed in 2009. Alcoa shares rose ...
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Alcoa Announces Agreement to Sell its 25.1% Stake in Ma’aden …
WEBSep 15, 2024 · PITTSBURGH--(BUSINESS WIRE)-- Alcoa (NYSE: AA, ASX: AAI) (“Alcoa” or the “Company”) announced today that it has entered into a binding share purchase and subscription agreement (the “Agreement”) with Saudi Arabian Mining Company (“Ma’aden”), under which Alcoa will sell its full ownership interest of 25.1% in the Ma’aden Joint Venture to Ma’aden for approximately $1.1 billion.