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| AA > SEC Filings for AA > Form 8-K on 23-Dec-2008 | All Recent SEC Filings |
23-Dec-2008
Material Impairments, Financial Statements and Exhibits
On December 22, 2008, Alcoa Inc. ("Alcoa") issued a press release announcing an agreement with Orkla ASA ("Orkla") under which Alcoa and Orkla will exchange their stakes in a Norwegian smelting partnership and a Swedish extrusion joint venture in order to focus on their respective areas of expertise and best practices. Alcoa will receive Orkla's 50 percent stake in Elkem Aluminium ANS while Orkla will receive Alcoa's 45 percent stake in the $3.7 billion SAPA extrusion profiles business.
Alcoa expects to record an impairment charge in the fourth quarter of 2008 related to the exchange of its interest in the extrusion joint venture and is working with its advisors to determine the details.
A copy of Alcoa's press release is attached hereto as Exhibit 99 and is incorporated herein by reference.
(d) Exhibits.
The following is filed as an exhibit to this report:
99 Alcoa Inc. press release dated December 22, 2008.
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