Logo ofAluminium Bahrain (Alba)
Aluminium Bahrain (Alba) acquired Aluminium Dunkerque, the European Union’s largest aluminum smelter, in a deal valued at about $2.2 billion. 
Alba said the acquisition would be fully financed by a consortium of its banking partners. Meanwhile, French state-backed investment bank Bpifrance is set to take a 6% stake for €100 million. Bpifrance will hold a seat on the board of Aluminium Dunkerque’s holding company.
In a statement, Alba said the acquisition forms part of its strategy to build a global low-carbon aluminum platform. It noted that Aluminium Dunkerque produces around 300,000 metric tons of aluminum a year.
Alba also highlighted that the acquisition deal is pending the approval of the French government regarding foreign direct investment (FDI) and approval from the financial regulatory authorities in the European Union, both of which are expected to be obtained in due course.
It added that approval from the European Union’s antitrust authorities was already secured in May.
According to Argaam’s data, Maaden holds a 20.62% stake in Alba’s capital.
Logo ofAluminium Bahrain (Alba)
Aluminium Bahrain (Alba) acquired Aluminium Dunkerque, the European Union’s largest aluminum smelter, in a deal valued at about $2.2 billion.
Alba said the acquisition would be fully financed by a consortium of its banking partners. Meanwhile, French state-backed investment bank Bpifrance is set to take a 6% stake for €100 million. Bpifrance will hold a seat on the board of Aluminium Dunkerque’s holding company.
In a statement, Alba said the acquisition forms part of its strategy to build a global low-carbon aluminum platform. It noted that Aluminium Dunkerque produces around 300,000 metric tons of aluminum a year.
Alba also highlighted that the acquisition deal is pending the approval of the French government regarding foreign direct investment (FDI) and approval from the financial regulatory authorities in the European Union, both of which are expected to be obtained in due course.
It added that approval from the European Union’s antitrust authorities was already secured in May.
According to Argaam’s data, Maaden holds a 20.62% stake in Alba’s capital.
