Alcoa announced on January 2nd, 2020 that it had agreed to sell its waste disposal facility in Gum Springs, Arkansas, to Veolia ES Technical Solutions (VTS). The transaction was expected to close in the first quarter of this year.
Under the terms of the agreement, Alcoa will receive US$200 million in cash on completion and sell its Elemental Environmental Solutions (EES).
Alcoa will receive an additional US$50 million if certain conditions were met after the deal closes. The sale was subject to regulatory approval and customary closing conditions.
Alcoa announces sale of its non-core assets
7 Jan 2020 16:22 reported by Lemon
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