Alcoa Corporation: Increasing Economic Interest in Assets via Alumina Limited Deal! 

The latest earnings of Alcoa Corporation reveals both negative and positive aspects of the company. William Oplinger, Alcoa Corporation President and Chief Executive Officer, and Molly Beerman, Executive Vice President and Chief Financial Officer, gave crucial updates on the company’s performance, recent activities and future prospects. A significant positive was the proposed acquisition of Alumina Limited, aimed at giving Alcoa complete ownership over the Alcoa World Alumina and Chemicals Joint Venture. This all-stock transaction values Alumina Limited at approximately $2.2 billion, which offers a premium of 13.1%. Should the acquisition take place, existing shareholders from Alumina will own 31.25% of the combined company. This acquisition seeks to provide Alumina shareholders a share in an upscaled company with an augmented and more diversified upstream aluminum portfolio. It also aims to strengthen Alcoa’s operational flexibility and strategic choice, further bolstering its global standing as the pure-play upstream aluminum company.