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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Mumtalakat to float 11.47pct Alba stake in IPO

Posted on 06 October 2010

From Tradearabia.com: Bahrain’s sovereign wealth fund Mumtalakat plans to float up to 11.47 per cent of its stake in Aluminium Bahrain (Alba) in an initial public offering (IPO) planned for later this year.
In a statement on Tuesday, Alba said Mumtalakat plans to sell up to 163 million ordinary shares in the firm. An Alba spokesman said the company had 1.42 billion shares outstanding……………………………………….Full Article: Source

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