Alcoa Corp. finalizes the acquisition of Alumina Limited, progressing towards a sustainable future
Acquiring Company
Alcoa
Acquired Company
Alumina Limited
Description
Alcoa Corp. has completed the Amendment of the Scheme Implementation Deed with Alumina Limited, advancing the acquisition process. The Amendment, resulting from cooperative discussions, includes changes to the Scheme Consideration, representation of ownership via New Alcoa CDIs, and an agreement with CITIC Group. The transaction is expected to be completed in the third quarter of 2024, subject to customary conditions, shareholders' approval, and regulatory approvals. The materials regarding the transaction can be found on the investor relations section of Alcoa’s website.
Quick answer
Alcoa is acquiring Alumina Limited, announced May 20, 2024. Alcoa is based in Pittsburgh, Pennsylvania, United States.
- How much did Alcoa pay for Alumina Limited?
- The deal value was not disclosed.
- What does Alcoa do?
- Alcoa Corp. is a global industry leader in bauxite, alumina, and aluminum products with a vision to reinvent the aluminum industry for a sustainable future.
- Where are Alcoa and Alumina Limited based?
- Alcoa is based in Pittsburgh, Pennsylvania, United States. Alumina Limited is based in Southbank, Victoria, Australia.
- Who are the decision-makers at Alcoa?
- Fundz holds 1 contact at Alcoa. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Alumina Limited?
Alumina Limited was acquired by Alcoa, based in Pittsburgh. The deal was reported on May 20, 2024. Alcoa Corp. is a global industry leader in bauxite, alumina, and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. Alcoa is publicly traded (AA) and operates in Mining.
When did Alcoa acquire Alumina Limited?
Alcoa's acquisition of Alumina Limited was reported on May 20, 2024. Alcoa Corp. has completed the Amendment of the Scheme Implementation Deed with Alumina Limited, advancing the acquisition process. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Alumina Limited do?
Alumina Limited is a leading Australian resource company specializing in bauxite mining, alumina refining, and selected aluminum smelting operations with interests in key aluminum regions worldwide. It is privately held, operating in Manufacturing, and is based in Southbank.
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