ChemBriefSouth32 CEO open to M&A following Alcoa asset sale
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.
reuters · 2026-06-30 17:53 UTC
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.
South32 agreed to sell most of its aluminium assets to Alcoa for up to $5.6 billion, covering operations in Australia, South Africa, and Brazil. The deal, expected to close in late 2027, aims to gener
Alcoa agreed to acquire South32's bauxite, alumina, and aluminum assets for up to $5.6 billion, boosting annual aluminum production to 3.2 million metric tons. The acquisition strengthens Alcoa's posi
Eskom and South32 are collaborating on a renewable energy plan for South32's Hillside aluminium smelter to commence by 2031. This initiative aims to secure competitively priced power following the exp