# Alcoa updates on acquisition of Alumina Limited

Alcoa Corp. announced an amendment to the Scheme Implementation Deed for its acquisition of Alumina Limited. The transaction remains on schedule for completion in the third quarter of 2024, with CITIC Group receiving a small portion of consideration in non-voting preferred stock.

- Type: Acquisition
- Announced: 2024-05-20
- Status: announced
- Products: alumina
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Alcoa Corporation](https://endata.com/companies/7297.md) (acquirer)
- [CITIC Group](https://endata.com/companies/18609.md) (investor)
- [Alumina Limited](https://endata.com/companies/75847.md) (target)

## Sources

- [news.alcoa.com](https://news.alcoa.com/press-releases/press-release-details/2024/Alcoa-Announces-Update-on-Acquisition-of-Alumina-Limited/default.aspx), 2024-05-20: "Alcoa and Alumina enter into Amended Scheme of Implementation Deed"

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