South32 Sells Aluminum Assets to Alcoa in $5.6 Billion Deal

South32 Ltd. agreed to sell its aluminum assets to Alcoa Corp. for an implied enterprise value of up to $5.6 billion. The transaction includes South32's bauxite, alumina, and aluminum operations. South32 and Alcoa announced the deal on a specific date with completion subject to regulatory approval and customary closing conditions.

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