Alcoa Pockets $1.1B From Saudi Joint Venture Sale: Details
Alcoa Pockets $1.1B From Saudi Joint Venture Sale: Details
As per the deal, Alcoa will retain its Ma'aden shares for at least three years, with one-third becoming transferable after the third, fourth, and fifth anniversaries of the transaction's closing.Alcoa Corporation (NYSE:AA) shares are trading higher after it entered a binding agreement with Saudi Arabian Mining Company (Ma'aden) to sell its 25.1% ownership in the Ma'aden Joint Venture for around $1.1 billion.
美國鋁業公司 (NYSE:AA) 股票正在交易中上漲，原因是與沙特阿拉伯礦業公司（Ma'aden）達成了一項具有約11億美元價值的協議，將其對Ma'aden合資公司持有的25.1%權益賣出。
The transaction comprises around 86 million Ma'aden shares, valued at $950 million based on the 30-day volume-weighted average price as of September 12, 2024, and $150 million in cash.
交易包括約8600萬股Ma'aden股票，根據2024年9月12日的30日成交量調整後的加權平均價格價值爲9500萬美元，以及1500萬美元現金。
The 2009 Saudi joint venture includes Ma'aden Bauxite and Alumina Company (MBAC) and Ma'aden Aluminium Company (MAC). Alcoa holds 25.1% of the joint venture, valued at $545 million as of June 30, 2024.
2009年的沙特合資企業包括Ma'aden鋁土礦和鋁業公司（MBAC）以及Ma'aden鋁業公司（MAC）。截至2024年6月30日，美國鋁業公司所持有的合資企業25.1%的價值爲5450萬美元。
As per the deal, Alcoa will retain its Ma'aden shares for at least three years, with one-third becoming transferable after the third, fourth, and fifth anniversaries of the transaction's closing.
根據協議，美國鋁業公司將在交易完成後的三年內保留其Ma'aden股份，其中三分之一在交易結束後的第三、第四和第五個週年之後可以轉讓。
During this holding period, Alcoa can hedge or borrow against its shares. In certain conditions, the holding period may be shortened.
在持有期間，美國鋁業公司可以對其股份進行套期保值或借款。在某些情況下，持有期可以縮短。
After the transaction, Alcoa will hold approximately 2% of Ma'aden's outstanding shares.
交易完成後，美國鋁業公司將持有大約2%的Ma'aden流通股。
The transaction is pending regulatory approvals, Ma'aden shareholder approval, and other customary conditions, with an expected closing in the first half of 2025.
交易正在等待監管審批、Ma'aden股東批准和其他習慣條件的完成，預計將在2025年上半年完成。
William F. Oplinger, Alcoa's President and CEO, said, "The transaction simplifies our portfolio, enhances visibility in the value of our investment in Saudi Arabia and provides greater financial flexibility for Alcoa, an important part of improving our long-term competitiveness."
美國鋁業公司總裁兼首席執行官William F. Oplinger表示：「該交易簡化了我們的投資組合，在沙特阿拉伯投資的價值方面提高了可見性，併爲美國鋁業公司提供了更大的財務靈活性，這是提高我們長期競爭力的重要部分。」
"Since 2009, Alcoa has been a valued partner of Ma'aden, and our aluminium business has benefited substantially from our strategic partnership," stated Bob Wilt, Ma'aden's CEO.
自2009年以來，美國鋁業公司一直是馬埃登的重要合作伙伴，我們的鋁業務在我們的戰略合作關係中獲得了巨大的收益。" 馬埃登的首席執行官鮑勃·維爾特表示。
Alcoa closed the second quarter with a cash balance of $1.49 billion.
美國鋁業公司以149億美元的現金結餘結束了第二季度。
Investors can gain exposure to the stock via Macquarie ETF Trust Macquarie Energy Transition ETF (NYSE:PWER) and SPDR S&P Metals & Mining ETF (NYSE:XME).
投資者可以通過麥格理ETF信託麥格理能源轉型ETF (紐交所：PWER) 和SPDR標準普爾金屬和礦業ETF (紐交所：XME) 獲得該股票的曝光。
Price Action: AA shares are up 1.45% at $32.99 premarket at the last check Monday.
價格走勢：AA股票在上週一的最後一次查詢時，盤前上漲1.45%，達到32.99美元。
Photo via Shutterstock
圖片來自shutterstock。
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