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Sovereign Wealth Funds Briefing - Categorized | Investment

Dubal, Mubadala complete acquisition of Guniean aluminium firm

Posted on 12 July 2013

GAC acquisition gives flight to EGA’s ambition in becoming a key player in global aluminium production and paves way for significant global and regional expansion. Abu Dhabi’s Mubadala and Dubai Aluminium (Dubal) have secured full ownership of Guinea Alumina Corporation (GAC) after acquiring the stakes of their former joint venture partners Global Alumina Corporation and BHP Billiton.
The takeover will be carried out by Emirates Global Aluminium (EGA), the newly created merger between the UAE’s two state aluminium firms, Dubal and Emirates Aluminium (Emal)………………………………………..Full Article: Source


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