2021 - General Discussion, page-2828

Alcoa just freed up some more cash

PITTSBURGH, June 28, 2021--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) announced today that it has completed a sale of land in the state of Maryland for $100 million in cash.
The 2,100-acre property covers more than three square miles in Frederick County, Maryland and once served as the site of the former Eastalco smelter, which permanently closed in 2010.
The sale transaction, completed on June 23, 2021, was between Eastalco Aluminum Company, a wholly owned subsidiary of Alcoa Corporation, and a joint venture between Quantum Loophole and TPG Real Estate Partners (TREP).