Alcoa restructures partnership with Ma’aden in $1.1bn deal
Alcoa Inc. (NYSE: AA, ASX: AAI) has entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company (Ma’aden) to sell its entire 25.1% ownership stake in their joint venture for approximately $1.1 billion. This deal includes approximately 86 million Ma’aden shares, valued at $950 million based on the volume-weighted average share […]