Middle East Economic Survey
VOL. XLVIII
No 34
22-August-2005
UAE
Dubal To Acquire 25% Stake In Canadas Global Alumina
Canadas Global Alumina Corp (Global Alumina) announced on 11 August it had entered into a subscription agreement whereby Dubai Aluminium (Dubal) will, subject to regulatory and shareholder approvals, purchase 25% of the common shares of Global Alumina for an aggregate purchase price of approximately $200mn.As a strategic equity investor, Dubal will support the development, financing...
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