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美国铝业公司将以11亿美元出售其在Ma ' Ottawa合资公司25.1%的股份
2024-09-15 22:41
- Alcoa (NYSE:AA) said on Sunday it had entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company ((“Ma’aden”)).
- Under the agreement, AA will sell its full ownership interest of 25.1% in the Ma’aden Joint Venture to Ma’aden for ~$1.1B.
- The transaction consideration comprises ~86M shares of Ma’aden (valued at $950M) and $150M in cash.
- AA currently owns 25.1% of the joint venture and Ma’aden owns 74.9%.
- The carrying value of AA’s investment was $545M as of June 30, 2024.
- Pursuant to the terms of the deal, AA will hold its Ma’aden shares for a minimum of three years.
- Pro forma for the transaction, AA would own ~2% of Ma’aden’s current shares outstanding.
- AA expects the transaction to close in H1 2025.
- Press Release
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