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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Aluminium Bahrain hires JPMorgan, Citi for share sale

Posted on 06 October 2010

From Bloomberg: Aluminium Bahrain BSC, operator of an 850,000 metric-tons-a-year smelter, hired JPMorgan Chase & Co. and Citigroup Inc. to manage the possible sale of as much as 11.5 percent of its shares on local and international exchanges.
Bahrain Mumtalakat Holding Co., the Persian Gulf nation’s sovereign wealth fund, may sell as many as 163 million shares, with ordinary stock listed on the Bahrain exchange and global depository receipts on the London bourse, Alba, as the smelter is known, said in an e-mailed statement today. The company has about 1.42 billion shares outstanding, a spokesman said……………………………………….Full Article: Source

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