UAE Creates $15 Bln Aluminium Firm in State Merger-Shanghai Metals Market

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UAE Creates $15 Bln Aluminium Firm in State Merger

Industry News 11:39:03AM Jun 04, 2013 Source:SMM

DUBAI, June 3 (Reuters) - The United Arab Emirates is merging its two flagship state aluminium firms to create the world's fifth largest aluminium company with an enterprise value of $15 billion.

The new entity, Emirates Global Aluminum, will be jointly held by Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL), the two companies said in a joint statement on Monday.

Dubal is owned by state fund Investment Corporation of Dubai (ICD,) while Emal is a joint venture between Abu Dhabi's Mubadala and ICD.
 

Key Words:  UAE   aluminum firm merging 

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1# Zinc
Oct.18
18810.0
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Oct.18
18880.0
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T/C for domestic zinc concentrate
Oct.01
6325.0
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Oct.18
19780.0
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UAE Creates $15 Bln Aluminium Firm in State Merger

Industry News 11:39:03AM Jun 04, 2013 Source:SMM

DUBAI, June 3 (Reuters) - The United Arab Emirates is merging its two flagship state aluminium firms to create the world's fifth largest aluminium company with an enterprise value of $15 billion.

The new entity, Emirates Global Aluminum, will be jointly held by Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL), the two companies said in a joint statement on Monday.

Dubal is owned by state fund Investment Corporation of Dubai (ICD,) while Emal is a joint venture between Abu Dhabi's Mubadala and ICD.
 

Key Words:  UAE   aluminum firm merging