Friday, November 22, 2024

Alcoa inks binding deal to acquire Australia’s Alumina for $2.2 billion

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Alcoa said it has agreed to acquire Alumina in a deal that values the Australian company’s equity at roughly $2.2 billion, concluding weeks of talks over a offer that will help to cement the U.S. company as one of the world’s largest bauxite and alumina producers.



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