---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-219242"
form_type: "8-K"
ticker: "AA"
cik: "0001675149"
company_name: "Alcoa Corp"
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:37:28.264938+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Alcoa to sell 25.1% Ma'aden JV stake for ~$1.1B in shares and cash

## Summary
- Total consideration: ~86M Ma'aden shares (valued at $950M) plus $150M cash, totaling ~$1.1B.
- Carrying value of Alcoa's investment was $545M as of June 30, 2024; transaction expected to close H1 2025.
- Alcoa must hold Ma'aden shares for minimum 3 years, with one-third transferable after 3rd, 4th, and 5th anniversaries.
- Closing subject to regulatory approvals and Ma'aden shareholder approval; pro forma Alcoa would own ~2% of Ma'aden.

## SEC filing metadata
- accession: 0001193125-24-219242
- form_type: 8-K
- ticker: AA
- cik: 0001675149
- company_name: Alcoa Corp
- filed_at: 2024-09-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675149/000119312524219242/0001193125-24-219242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675149/000119312524219242/d783877d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-219242
- JSON: https://secwatch.observer/filing/0001193125-24-219242.json
- Plain text: https://secwatch.observer/filing/0001193125-24-219242.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.