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Alcoa | 8-K: Entry into Subscription Agreements

Alcoa | 8-K: Entry into Subscription Agreements

美國鋁業公司 | 8-K：簽訂認購協議
美股SEC公告 ·  2024/09/16 20:31

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Alcoa has entered into an agreement to sell its 25.1% ownership stake in the Ma'aden Joint Venture to Saudi Arabian Mining Company (Ma'aden) for approximately $1.1 billion. The transaction consideration includes 86 million Ma'aden shares valued at $950 million and $150 million in cash. The carrying value of Alcoa's investment was $545 million as of June 30, 2024.Under the agreement terms, Alcoa will hold the Ma'aden shares for a minimum of three years, with one-third becoming transferable after each of the third, fourth, and fifth anniversaries of closing. During this holding period, Alcoa will be permitted to hedge and borrow against these shares. Post-transaction, Alcoa would own approximately 2% of Ma'aden's current shares outstanding.The transaction, which simplifies Alcoa's portfolio and enhances investment visibility in Saudi Arabia, is subject to regulatory approvals and Ma'aden's shareholder approval. The deal is expected to close in the first half of 2025. The joint venture, established in 2009, comprises the Ma'aden Bauxite and Alumina Company and the Ma'aden Aluminium Company.
Alcoa has entered into an agreement to sell its 25.1% ownership stake in the Ma'aden Joint Venture to Saudi Arabian Mining Company (Ma'aden) for approximately $1.1 billion. The transaction consideration includes 86 million Ma'aden shares valued at $950 million and $150 million in cash. The carrying value of Alcoa's investment was $545 million as of June 30, 2024.Under the agreement terms, Alcoa will hold the Ma'aden shares for a minimum of three years, with one-third becoming transferable after each of the third, fourth, and fifth anniversaries of closing. During this holding period, Alcoa will be permitted to hedge and borrow against these shares. Post-transaction, Alcoa would own approximately 2% of Ma'aden's current shares outstanding.The transaction, which simplifies Alcoa's portfolio and enhances investment visibility in Saudi Arabia, is subject to regulatory approvals and Ma'aden's shareholder approval. The deal is expected to close in the first half of 2025. The joint venture, established in 2009, comprises the Ma'aden Bauxite and Alumina Company and the Ma'aden Aluminium Company.
美國鋁業公司已經與沙特阿拉伯礦業公司（Ma'aden）達成協議，出售其在Ma'aden創業公司中的25.1%股權，交易金額約爲11億美金。交易考慮包括價值95000萬的8600萬股Ma'aden股份和15000萬現金。截至2024年6月30日，美國鋁業公司的投資賬面值爲54500萬。根據協議條款，美國鋁業公司將至少持有Ma'aden股份三年，每個第三、第四和第五個週年時，一畝可轉讓三分之一。在此持有期間，美國鋁業公司可以對這些股份進行對沖和借貸。交易後，美國鋁業公司將持有約2%的Ma'aden當前已流通股份。該交易簡化了美國鋁業公司的投資組合，並提高了在沙特阿拉伯的投資可見性，需獲得監管批准和Ma'aden股東批准。該交易預計將於2025年上半年完成。該創業公司成立於2009年，包括Ma'aden鋁土礦和鋁業公司。
美國鋁業公司已經與沙特阿拉伯礦業公司（Ma'aden）達成協議，出售其在Ma'aden創業公司中的25.1%股權，交易金額約爲11億美金。交易考慮包括價值95000萬的8600萬股Ma'aden股份和15000萬現金。截至2024年6月30日，美國鋁業公司的投資賬面值爲54500萬。根據協議條款，美國鋁業公司將至少持有Ma'aden股份三年，每個第三、第四和第五個週年時，一畝可轉讓三分之一。在此持有期間，美國鋁業公司可以對這些股份進行對沖和借貸。交易後，美國鋁業公司將持有約2%的Ma'aden當前已流通股份。該交易簡化了美國鋁業公司的投資組合，並提高了在沙特阿拉伯的投資可見性，需獲得監管批准和Ma'aden股東批准。該交易預計將於2025年上半年完成。該創業公司成立於2009年，包括Ma'aden鋁土礦和鋁業公司。
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