Alcoa – South32’s aluminium assets
A contingent value right lets the seller share the upside if alumina and aluminium prices rise.
- Acquirer
- Alcoa
- Target
- South32’s aluminium assets
- Announced
- Metal
- Aluminium, bauxite
- Announced value
- about $4.1bn upfront
- Structure
- Cash, shares and a contingent value right
- Status
- Pending