South32 Sells Aluminum Assets to Alcoa in $5.6 Billion Deal

South32 Ltd. has agreed to sell its aluminum assets to Alcoa Corp. The transaction is valued at an implied enterprise value of up to $5.6 billion. This deal involves the transfer of specific aluminium assets from South32 to Alcoa, marking a significant financial agreement between the two companies. The total value of the sale is reported as reaching up to $5.6 billion, reflecting the scale of the asset transfer between these global entities.