Alcoa signs conditional agreement with Swiss private equity firm to sell La Coruña and Avilés

By IM Staff
Published: Friday, 05 July 2019

Alcoa has signed a conditional share purchase agreement with Swiss private equity firm Parter Capital Group for the firm to acquire Alcoa’s La Coruña and Avilés smelters in Spain, the aluminium producer said on Friday July 5.

By Justin Yang and Alice Mason

Alcoa reached an agreement with workers’ representatives relating to the transaction of the two smelters, which were halted in February.

The company said on Friday that it expects to record restructuring-related charges in the third quarter of 2019, instead of the second quarter of...

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