South32 Ltd Agreement to Sell Aluminium Value Chain Assets to Alcoa Corp Transcript
Thank you for standing by and welcome to the South32 update. (Operator Instructions)
I would now like to hand the conference over to Mr. Graham Kerr, Inaugural Chief Executive Officer. Please go ahead.
Thank you. Good morning, everyone. Thank you for joining our call to discuss this morning's announcement of our agreement to sell our aluminium value chain assets to Alcoa for up to USD5.6 billion, repositioning South32 as a leading upstream base metals-focused company with high margin assets and transformational growth. I'm joined on the call today with Matt Daley and our Chief Financial Officer, Sandy Sibenaler. As you have also seen, Matt has today commenced as CEO and Managing Director, marking the completion of our leadership transition. Before we go into questions, I'll provide some opening remarks on the transaction and hand over to Matt to speak to South32's future portfolio.
Under the transaction, our co-op will acquire our interest in Worsley Alumina, Hillside Aluminium, the
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