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Sovereign Wealth Funds Briefing - Categorized | Investment

Mubadala in talks for Dubai Aluminium stake

Posted on 11 March 2011

From Reuters: Abu Dhabi’s Mubadala has offered to buy a stake in state-owned Dubai Aluminium (Dubal), a local daily reported on Thursday, a deal that will give Dubai funds to repay debt and help consolidate the nation’s aluminium industry.
Investment fund Mubadala’s deal will create a new holding company which includes Emirates Aluminium Co (Emal) — a joint venture between Dubal and Mubadala — and will have a production capacity of 2.5 million tonnes annually, Dubal Chairman Sheikh Hamdan Bin Rashid Al Maktoum was quoted as saying by the Gulf News on Thursday……………………………………….Full Article: Source


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