South32 to sell aluminium assets to Alcoa for up to $5.6 bln
30/06/2026 22:44
South32 to sell aluminium assets to Alcoa for up to $5.6 bln July 1 (Reuters) - Australia's South32 S32.AX said on Wednesday it has agreed to sell its aluminium value chain assets to Alcoa AA.N for an implied enterprise value of up to $5.6 billion.
Seprately, the diversified miner also announced that Matthew Daley has commenced as chief executive officer and managing director for the firm, replacing Graham Kerr.
(Reporting by Shivangi Lahiri in Bengaluru)
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