# Alcoa to acquire South32's AliGroup for $2.6B

Alcoa Corporation is progressing toward the acquisition of South32 Limited's AliGroup, with South32 shareholders approving the transaction on October 15, 2026. The deal is expected to close in the first half of 2027, with Alcoa having completed a $2.6 billion debt issuance to fund the cash consideration.

- Type: Acquisition
- Announced: 2026-10-15
- Value: $2.60B
- Status: announced
- Products: aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Alcoa Corporation](https://endata.com/companies/7297.md) (acquirer)
- [South32](https://endata.com/companies/33959.md) (target)

## Sources

- [pubt.io](https://www.pubt.io/view/6A51CFF6BF9105FA7C02D96DDD24BF908C0BE52A), 2026-10-15: "South32 shareholders approved the transaction on October 15."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.