Middle East Economic Survey
Alcoas Plan To Take 26% Stake In Alba Dropped
US-based Alcoa announced on 7 October that its plan to acquire a 26% equity stake in Aluminium Bahrain (Alba) had been dropped. The planned acquisition was announced in September last year (MEES, 22 September 2003). An Alcoa statement said that a memorandum of understanding (MOU) with the Bahrain government was no longer in force because the two sides were unable to reach mutually...