BUZZ-Alcoa's ASX-listed stock jumps on $1.1 bln stake sale in Saudi Arabia JV
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Australia-listed Alcoa Corp (AAI.AX) rises as much as 6% to A$48.960, its biggest intraday pct jump since Aug. 9Aluminium maker announces sale of its full ownership interest of 25.1% in the Ma’aden joint venture to the Saudi Arabian mining co Ma’aden (1211.SE) for about $1.1 blnStake sale comprises Ma’aden’s 86 mln shares valued at $950 mln and $150 mln in cashMa’aden to own the entire JV after saleAAI top gainer in the ASX 200 benchmark index (.AXJO) , which is trading up 0.4%
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