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03.01.2020 07:55:13

Alcoa To Sell Waste Treatment Facility In Gum Springs To Veolia

(RTTNews) - Alcoa Corp. (A) has agreed to sell its waste treatment facility, located in Gum Springs, Arkansas, to Veolia ES Technical Solutions. Alcoa will receive $200 million in cash at closing for the sale of Elemental Environmental Solutions, which owns the waste treatment business. An additional $50 million will be paid to Alcoa if certain post-closing conditions are satisfied.

"This planned transaction shows our commitment to execute on our strategy and the sale of non-core assets, which we announced in the third-quarter of 2019," said Alcoa President and Chief Executive Officer Roy Harvey.

Analysen zu Veolia EnvironnementShs Sponsored American Deposit.Receipt Repr.1 shmehr Analysen

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Alcoa Corp 31,79 -1,07% Alcoa Corp
Veolia EnvironnementShs Sponsored American Deposit.Receipt Repr.1 sh 15,40 0,00% Veolia EnvironnementShs Sponsored American Deposit.Receipt Repr.1 sh