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Alcoa registers shares for $4.1 billion South32 upstream acquisition

8:14am on Wednesday 2nd of September, 2026 AEST Materials
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Alcoa registers shares for $4.1 billion South32 upstream acquisition

8:14am on Wednesday 2nd of September, 2026 AEST
Key Points
  • Acquisition includes $3.1 billion cash and 17 million shares
  • Up to $750 million in contingent payments based on alumina and aluminum prices
  • South32 shareholders to receive at least half stock consideration via dividend
  • Transaction subject to regulatory and shareholder approvals
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