08.03.2016 - Mumtalakat acquires 49% stake in Spanish-based aluminium grain refiner, ALEASTUR
Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of the Kingdom of Bahrain, announced the successful acquisition of a 49% equity stake in Asturiana de Aleaciones S.A. (ALEASTUR), a Spanish-based manufacturer of aluminium grain refiners and master alloys. This transaction demonstrates Mumtalakat’s continued commitment to further develop the Kingdom’s downstream aluminium sector and to strengthen the synergies between local manufacturers and key international players. Mumtalakat aims to support ALEASTUR’s plans to establish a presence in Bahrain to cater to the Company’s existing client base in the region and to target new customers in Asia, including smelters and casting operations...............................................Full Article: Source
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