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Alcoa Announces Closing of Ma'aden Transaction

1. Alcoa sold its 25.1% stake in the Ma'aden Joint Venture for $1.35 billion. 2. The sale includes 86 million Ma'aden shares valued at $1.2 billion.

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FAQ

Why Bullish?

The sale enhances Alcoa's liquidity and may reduce debt, similar to past stake sales that benefited share prices.

How important is it?

The significant financial transaction could positively influence investor sentiment and stock price.

Why Short Term?

Investors may react quickly to increased liquidity, similar to stock performances following asset divestitures.

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MAADENAAI
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA; ASX: AAI) (“Alcoa” or the “Company”) today announced the successful closing of the Company's sale of its full ownership interest of 25.1% in the Ma'aden Joint Venture (the “Joint Venture”) to Saudi Arabian Mining Company (“Ma'aden”), pursuant to a binding share purchase and subscription agreement (the “Agreement”). Alcoa received proceeds of approximately 86 million shares of Ma'aden (valued at approximately $1.2 billion) and $150 millio.

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