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

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

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 Alcoa’s San Ciprián operations. Under the proposed agreement, Alcoa would contribute €75 million, and IGNIS EQT would m...

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