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.

Alcoa Corporation has entered into an agreement with Alumina Limited on terms and process for an all-stock acquisition. Alumina Limited shareholders would receive 0.02854 Alcoa shares per share, implying an equity value of approximately $2.2 billion.