Alcoa Acquires South32's Bauxite, Alumina and Aluminum Assets for Up to $5.6 Billion

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Alcoa has agreed to acquire South32's bauxite, alumina and aluminum assets for up to $5.6 billion. The transaction includes $3.1 billion in cash, approximately $1 billion in Alcoa stock, along with assumption of $750 million in net debt and lease liabilities. If alumina and aluminum prices exceed agreed thresholds over the next four years, South32 may receive an additional $750 million. The deal significantly expands Alcoa's integrated aluminum operations across the full value chain from mining through refining to smelting.
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