Wednesday, June 29, 2016

UPDATE 1-In Alcoa split, traditional upstream business to be spun off

CHICAGO, June 28 (Reuters) - Metals company Alcoa Inc

said on Wednesday that its planned split will consist of a

spinoff of its traditional upstream smelting business, and that

up to 19.9 percent of the new company will be owned by its

value-added business serving the aerospace and automotive

industries.

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