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Alcoa Completes Sale of Stade Alumina Refinery to Dadco Alumina and Chemicals Ltd.
PITTSBURGH--April 11, 2001--
Alcoa Inc. announced today that it has completed the sale of 50% of the
Aluminium Oxide Stade GmbH alumina refinery located in Stade, Germany to
Dadco Alumina and Chemicals Ltd., a private investment and trading
company. Terms were not disclosed. Alcoa acquired the 50% share of Stade
as part of its acquisition of Reynolds Metals Company in May 2000. VAW
AG of Germany owns the remaining interest. The Stade refinery has a
production capacity of 800,000 metric tons per year and the sale is
required under regulatory approval that cleared Alcoa's acquisition of
Joyce A. Saltzman
Charles D. McLane