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Alcoa increasing investment in Saudi project
Apr. 06, 2010 06:24PM PST
Long Tail
On Monday, it was reported that Alcoa Inc (AA.N) is increasing its investment in a planned $10.8 billion aluminum complex in Saudi Arabia after some of the U.S. company’s partners in a consortium dropped out.
On Monday, it was reported that Alcoa Inc (AA.N) is increasing its investment in a planned $10.8 billion aluminum complex in Saudi Arabia after some of the U.S. company’s partners in a consortium dropped out.
The press release is quoted as saying:
In a change in the ownership structure, Alcoa will now pay about $1.1 billion over four years, up from the $900 million it had said in December, a filing with the Securities and Exchange Commission shows.
