White & Case advises Alcoa Corporation on sale of entire joint venture stake to Saudi Arabian Mining Company

Global law firm White & Case LLP has advised Alcoa Corporation on the sale to Saudi Arabian Mining Company (Ma'aden) of Alcoa Corporation's entire 25.1 percent stake in a joint venture for approximately US$1.1 billion.

The joint venture was created in 2009 as a fully integrated mining complex in the Kingdom of Saudi Arabia and today comprises two entities: the Ma'aden Bauxite and Alumina Company (MBAC) and the Ma'aden Aluminium Company (MAC). Ma'aden owns the remaining 74.9 percent of the joint venture.

The transaction consideration is a mix of cash and shares in Ma'aden, which is listed on Tadawul, the Saudi stock exchange.

The White & Case team which advised on the deal was led by partner David Lewis (London) and included partners Mark Richardson, Philip Broke, Margot Berry, Will Smith (all London) and Sami Al-Louzi (Dubai) and associates Michael Fitzpatrick, Iman Algubari, Alec Buchanan (all London), Khalid Al-Gublan and Mishael Alhumaimeedy (both Riyadh).

Press contact
For more information please speak to your local media contact.