Maaden to acquire Alcoa's stake in Maaden Aluminium and Maaden Bauxite and Alumina

Maaden and Alcoa entered into a Share Purchase and Subscription Agreement on September 16, 2024, under which Maaden will acquire Alcoa's shares in Maaden Aluminium Company (MAC) and Maaden Bauxite and Alumina Company (MBAC) for $150 million in cash and newly issued Maaden shares representing about 2.21% of Maaden's share capital, giving Maaden full ownership and control.

“The transaction will see Alcoa’s share in both Maaden Aluminium Company (MAC) and Maaden Bauxite and Alumina Company (MBAC), transfer to Maaden.”maaden.com

• 1 source
• maaden.comMAADEN AND ALCOA ENTER INTO SHARE PURCHASE AND SUBSCRIPTION AGREEMENT FOR ALCOA’S CURRENT INVESTMENT IN MAADEN ALUMINIUM - Leading Mining & Metals CompanySep 16, 2024

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