Brief: South32 Announces $5.6B Aluminium Value Chain Sale To Alcoa

South32

30/06/2026 22:46

July 1 (Reuters) - South32 Ltd S32.AX:
SOUTH32 LTD-US$5.6B ALUMINIUM VALUE CHAIN SALE AND CEO TRANSITION
GRAHAM KERR STEPS DOWN AS CEO, TO CONTINUE AS STRATEGIC ADVISOR
US$5.6B ALUMINIUM VALUE CHAIN SALE
TO RETURN $500 MILLION TO SHAREHOLDERS AS FULLY-FRANKED SPECIAL DIVIDEND
DEAL INCLUDES $3.1 BILLION CASH, $1 BILLION ALCOA SHARES, $750 MILLION DEBT, UP TO $750 MILLION CONTINGENT CASH
ALCOA TO BUY INTERESTS IN WORSELY ALUMINA, HILLSIDE, MRN, BRAZIL ALUMINA, BRAZIL ALUMINIUM
ALCOA TO ASSUME $1.2 BILLION IN REHABILITATION PROVISIONS
APPOINTS MATTHEW DALEY AS CEO AND MANAGING DIRECTOR
MOZAL ALUMINIUM EXCLUDED FROM DEAL, DIVESTMENT UNDER CONSIDERATION
US$5.6B ALUMINIUM VALUE CHAIN SALE AND CEO TRANSITION
APPOINTS MATTHEW DALEY AS CEO AND MANAGING DIRECTOR

Further company coverage: S32.AX

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