Alcoa (AA) and IGNIS EQT Progress Toward Strategic Agreement to Support Future of Alcoa San Ciprián Operations

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Go back to Alcoa (AA) and IGNIS EQT Progress Toward Strategic Agreement to Support Future of Alcoa San Ciprián Operations

Alcoa and IGNIS EQT Progress Toward Strategic Agreement to Support Future of Alcoa San Ciprián Operations

October 16, 2024 4:05 PM EDT

Agreement Would Leverage Experience of Both Leaders and Cooperation from Key Stakeholders

PITTSBURGH--(BUSINESS WIRE)-- Today, Alcoa Corporation (NYSE: AA, ASX: AAI) and IGNIS Equity Holdings, SL (IGNIS EQT), the majority shareholder in the IGNIS Group of Companies, a vertically integrated energy company based in Spain, announced that they are progressing toward entering into a strategic cooperation agreement (the partnership) to support the continued operation of Alcoas San Ciprián operations.

Under the proposed agreement, Alcoa would contribute 75 million, and IGNIS EQT would make an initial... More