{"id":89674,"date":"2024-09-16T00:00:00","date_gmt":"2024-09-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/"},"modified":"2024-09-16T00:00:00","modified_gmt":"2024-09-16T00:00:00","slug":"maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/","title":{"rendered":"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn"},"content":{"rendered":"

Ma\u2019aden and US aluminum maker Alcoa signed a binding sale and purchase <\/strong>agreement that will see Ma\u2019aden buying a 25.1% stake in its JV with Alcoa for USD 1.1 bn<\/strong>, Alcoa<\/a> and Ma\u2019aden (pdf)<\/a> said in separate statements. Under the agreement, Ma\u2019aden will give Alcoa roughly 86 mn Ma\u2019aden shares and USD 150 mn in cash, according to Alcoa\u2019s statement. The transaction is expected to close in 1H 2025. Reuters<\/a> also had the story.<\/p>\n

The nitty gritty:<\/strong> Under the agreement, Alcoa will transfer its shares in two JVs \u2014 Ma\u2019aden Aluminium Company (MAC) and Ma\u2019aden Bauxite and Alumina Company (MBAC) \u2014 to Ma\u2019aden. With the newly-issued Ma\u2019aden shares, Alcoa will have a 2.2% stake in Ma\u2019aden after the transaction. Alcoa\u2019s shares will be subject to a three-year lockup period. One-third of these shares will become transferable after each of the third, fourth, and fifth anniversaries of the agreement closing. During this time, Alcoa can hedge or borrow against its shares. In some cases, the minimum holding period may be shortened. <\/p>\n

What\u2019s next?<\/strong> Once completed, Ma\u2019aden will have full ownership and control of MAC and MBAC, and Alcoa will shift from JV partner to shareholder. <\/p>\n

BACKGROUND- <\/strong>The JV was formed in 2009, and now includes MBAC and MAC. Alcoa owns 25.1% in the JV and Ma\u2019aden holds 74.9%. Alcoa\u2019s investment was valued at USD 545 mn as of June 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition is expected to close in 1H 2025<\/p>\n","protected":false},"author":1,"featured_media":89675,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2575],"tags":[10,31,2720,14,102,50],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam-ksa","tag-investment-watch","tag-ma","tag-ma-watch","tag-maaden","tag-mining","wpautop","entry"],"acf":{"mongo_id":"2fb6e002-359f-42dc-99b0-c66783b59051","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1130.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn","related_issue":[89665],"teaser":"The acquisition is expected to close in 1H 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.a00d06db-580d-47b1-bfc5-8750781d5d6a.mp3"},"yoast_head":"\nMa\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn\" \/>\n<meta property=\"og:description\" content=\"The acquisition is expected to close in 1H 2025\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-16T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn\",\"datePublished\":\"2024-09-16T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/\"},\"wordCount\":244,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"INVESTMENT WATCH\",\"M&A\",\"M&A WATCH\",\"Ma\u2019aden\",\"mining\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/\",\"name\":\"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-09-16T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/","og_locale":"en_US","og_type":"article","og_title":"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn","og_description":"The acquisition is expected to close in 1H 2025","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/","og_site_name":"KSA","article_published_time":"2024-09-16T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn","datePublished":"2024-09-16T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/"},"wordCount":244,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM KSA","INVESTMENT WATCH","M&A","M&A WATCH","Ma\u2019aden","mining"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/","name":"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1","datePublished":"2024-09-16T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/16\/maaden-to-acquire-25-1-stake-in-jv-with-alcoa-for-usd-1-1-bn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Ma\u2019aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1130.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/89674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=89674"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/89674\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/89665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/89675"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=89674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=89674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=89674"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=89674"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=89674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}