Acquiring Company
Alcoa Corporation
Acquired Company
South32
Pittsburgh
PerthPrivacy And SecurityMiningManufacturingMiningPrecious MetalsMineralMining TechnologyData MiningIndustrialDescription
Alcoa Corporation has entered into an agreement to acquire South32's bauxite, alumina, and aluminum assets for approximately $4.1 billion. The deal aims to enhance Alcoa's position in the aluminum industry, adding diverse assets globally. Anticipated synergies of around $900 million are expected from this acquisition. The transaction is set to close in the first half of 2027, subject to regulatory approvals.
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Based on deal dataFrequently asked
Who acquired South32?
South32 was acquired by Alcoa Corporation, based in Pittsburgh. The deal was reported on July 1, 2026. Alcoa Corporation (NYSE: AA or “Alcoa”) is a global industry leader in bauxite, alumina, and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. Alcoa Corporation is publicly traded (AA) and operates in Privacy And Security.
When did Alcoa Corporation acquire South32?
Alcoa Corporation's acquisition of South32 was reported on July 1, 2026. Alcoa Corporation has entered into an agreement to acquire South32's bauxite, alumina, and aluminum assets for approximately $4.1 billion. The deal aims to enhance Alcoa's position in the aluminum industry, adding diverse assets globally. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does South32 do?
South32 is a global mining and metals company headquartered in Australia. It produces metals and minerals including aluminum, copper, and coal. The company aims to create value for its stakeholders through sustainable and responsible mining practices. It is privately held, operating in Manufacturing, and is based in Perth.