Liberty eyes acquisition of Alcoa’s at-risk San Ciprián smelter – sources

Liberty House Group, part of GFG Alliance, is interested in purchasing Alcoa’s San Ciprián aluminium smelter in Spain, sources told Fastmarkets.

Alcoa launched an informal process with the workers’ representatives to discuss collective dismissals at San Ciprián on May 28.
The company announced last week that the formal consultation period for collective staff dismissals at the Spanish aluminium smelter ended on August 4 without an agreement with the workers’ representatives.
“We hear that Liberty are interested in it and happy to step in and buy it. It could create a good solution for everybody,” a trader said.
Liberty declined to comment when approached by Fastmarkets.
Alcoa had not responded to a request for comment by the time of publication.

According to Spanish regulations, Alcoa has...

Published

Justin Yang

Alice Mason

August 10, 2020

16:43 GMT

London