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 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 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 off joint venture in Saudi Arabia
Alcoa Inc. will be selling off its share of a joint venture in Saudi Arabia for $1.1 billion.
Alcoa to divest stake in Saudi mining venture for $1.1bn
The Ma'aden joint venture (JV) includes the Ma'aden Bauxite and Alumina Company and the Ma'aden Aluminium Company.
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 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: New Positives To Drive The Stock Higher
Discover why Alcoa is a promising investment with strong profit potential, industry leadership, and innovative technology for ...
One dead, 2 injured after head-on Alcoa crash, police say
ALCOA, Tenn. (WVLT) - A man has died and two people have been injured after a head-on crash in Alcoa that happened Saturday, ...
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City of Alcoa: Work along Tesla Boulevard to cause planned power outage
Some residents in Alcoa may notice their power is out Thursday night or Friday morning. Here’s what the City has shared for ...
Alcoa's Financial Position Is Improving - Upgraded To A Buy Rating
Alcoa's strong Q2'24 performance was driven by favorable aluminum prices and cost-cutting. Read why I upgrade AA stock from ...
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 ...
“This is something we need to do’ | Explosives used for Alcoa Highway expansion project
The Tennessee Department of Transportation has worked with a sub-contractor on the blasting portion of the Alcoa Highway ...
Alcoa jumps with aluminum prices after India alumina refinery disruption
Alcoa (AA) surges alongside aluminum prices following Vedanta refinery collapse in India and saying it was selling its 25.1% ...
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 ...