Kaiser Aluminum considering sale of assets

Chicago, May 2 - Kaiser Aluminum is exploring selling one or more of its assets in the bauxite/alumina and primary aluminum businesses as part of its Chapter 11 bankruptcy proceedings.

"We will only consider pursuing transactions that are on acceptable terms, and any potential sale of assets would be subject to a number of prior approvals including, but not limited to, the company's board of directors, the bankruptcy court and the company's debtor-in-possession lenders," Kaiser's president and chief executive officer Jack Hockema said in a press release.

"Clearly, although we are exploring the alternatives, we have made no definitive decisions as to whether we will pursue any specific transactions, no such transactions are imminent, and no assurances can be given that any acceptable transactions will ultimately materialize."

Houston-based Kaiser Aluminum produces of aluminum and aluminum products.

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