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Alcoa, Orkla in equity swap

ALCOA has agreed to an equity swap with Norwegian group Orkla which will see the aluminium giant boost its stake in Orkla’s Elkem Aluminium ANS to become the world’s largest primary aluminium producer.

MiningNews.Net
Alcoa, Orkla in equity swap

Under the agreement, Alcoa will receive Orkla's 50% stake in Elkem Aluminium, while Orkla will take a 45% stake in Alcoa's $US3.7 billion ($A5.4 billion) SAPA extrusion profiles business. Elkem will...

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