Alcoa (AA) Closes Ma’aden Transaction
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Alcoa Announces Closing of Ma’aden Transaction
July 1, 2025 4:15 PM EDTAlcoa receives $1.35 billion of proceeds in Maaden shares and cash
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA; ASX: AAI) (Alcoa or the Company) today announced the successful closing of the Companys sale of its full ownership interest of 25.1% in the Maaden Joint Venture (the Joint Venture) to Saudi Arabian Mining Company (Maaden), pursuant to a binding share purchase and subscription agreement (the Agreement). Alcoa received proceeds of approximately 86 million shares of Maaden (valued at approximately $1.2 billion) and $150 million in cash (to be used primarily for related taxes and transaction... More
