South32 to sell aluminium assets to Alcoa for up to $5.6 bln

Alcoa Corporation

Alcoa Corporation

AA

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July 1 (Reuters) - Australia's South32 S32.AX said on Wednesday it has agreed to sell its aluminium value chain assets to Alcoa AA.N for an implied enterprise value of up to $5.6 billion.

Seprately, the diversified miner also announced that Matthew Daley has commenced as chief executive officer and managing director for the firm, replacing Graham Kerr.


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