What did South32 CEO Matthew Daley say about mergers and acquisitions following the Alcoa asset sale?

South32 CEO Matthew Daley stated he is 'open to mergers and acquisitions' but emphasized that any deal must be 'value accretive, strategically aligned and maintain our financial strength'; he also clarified that such opportunities 'will have to compete for capital with the organic pipeline'.

What was the value and scope of South32's aluminium portfolio sale to Alcoa?

South32 agreed to sell the bulk of its aluminium portfolio to Alcoa for up to $5.6 billion.

South32 CEO open to M&A following Alcoa asset sale

Jun 30, 2026

South32 agreed to sell its aluminium portfolio to Alcoa for up to $5.6 billion, while CEO Matthew Daley expressed openness to value-accretive mergers and acquisitions.

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South32 CEO open to M&A following Alcoa asset sale

South32 CEO open to M&A following Alcoa asset sale

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