off-the-wire

AIP in talks with Bahrain’s Alba to sell Aluminium Dunkerque

Kitco Media
By Reuters
Published:
Updated:
Reuters
AIP in talks with Bahrain’s Alba to sell Aluminium Dunkerque teaser image

American fund AIP and Bahrain-based industrial group Alba have entered exclusive talks regarding the sale of Europe’s largest smelter Aluminium Dunkerque, the companies said on Monday.

Alba aims to buy all shares of Aluminium Dunkerque, while preserving personnel numbers and strengthening low-emission production, it said in the joint statement.

The price of the potential acquisition has not been disclosed.

Aluminium Dunkerque produces roughly 300,000 metric tons of aluminum per year.

The deal must be approved by the French state and the European Commission, as part of a foreign investment control procedure.

The transaction is expected to be finalized in 2026.

($1 = 0.8537 euros)

(By Mateusz Rabiega)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.