Alcoa Sees Up to $315 Million From Massena East Site Sale

Alcoa has agreed to sell portions of its Massena East site in New York for proceeds of up to $315 million, adding a first transaction to its asset-monetization effort through 2030. The company expects to receive $50 million to $65 million when the deal closes. That amount depends on approved data center capacity developed by the buyer. Alcoa expects the closing within six months. The transaction could bring approximately $60 million to $250 million more through approved capacity expansions and capacity-based installment payments as capacity is commissioned over a seven-year period.

Source: TokenPost