Alcoa To Sell Waste Treatment Facility In Gum Springs To Veolia

(RTTNews) - Alcoa Corp. (A) has agreed to sell its waste treatment facility, located in Gum Springs, Arkansas, to Veolia ES Technical Solutions. Alcoa will receive $200 million in cash at closing for the sale of Elemental Environmental Solutions, which owns the waste treatment business. An additional $50 million will be paid to Alcoa if certain post-closing conditions are satisfied.

"This planned transaction shows our commitment to execute on our strategy and the sale of non-core assets, which we announced in the third-quarter of 2019," said Alcoa President and Chief Executive Officer Roy Harvey.