Feb 15 Arconic Inc said on Wednesday it
had sold more than 60 percent of its stake in Alcoa Corp
about $890 million.
Alcoa Inc split into two companies in November, spinning off
Alcoa Corp, which houses the parent company's traditional
smelting and refining businesses.
Arconic, the renamed Alcoa Inc, focuses on engineering
products for aerospace and automotive segments.
Arconic said its sold 23.4 million of the 36.3 million
shares it had retained in Alcoa after the split.
Arconic's previous stake of nearly 20 percent in Alcoa had
made it the company's biggest shareholder as of Feb. 3,
according to Thomson Reuters data.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Savio