Alcoa willing to reopen talks to sell Italian smelter

|By:, SA News Editor

Alcoa (AA) says it is willing to reopen talks to sell an Italian plant to Swiss industrial group Klesch, after a meeting between trade unions and Italian government representatives.

AA broke off negotiations in June to sell its smelter on the island of Sardinia to Klesch; it decided last year to shut the smelter, citing high power prices for undermining its competitiveness, but political pressure has forced it to maintain the plant while searching for a buyer.