Original article by John Kehoe
The Australian Financial Review – Page: 8 : 30-May-16
US aluminium giant Alcoa has launched legal action against Australian-listed Alumina, its partner in the Alcoa World Alumina & Chemicals joint venture. The dispute centres on Alcoa’s proposal to demerge its upstream and downstream assets. The former will hold Alcoa’s 60 per cent stake in AWAC if the deal proceeds. Alcoa’s lawsuit alleges that the joint venture agreement does give Alumina the right to block the demerger.
CORPORATES
ALUMINA LIMITED – ASX AWC, ALCOA INCORPORATED, ALCOA WORLDWIDE ALUMINA AND CHEMICALS