No 26



Alba To Acquire Share In And Manage Indian Aluminium Giant

Aluminium Bahrain (Alba) announced on 12 June that it was planning to acquire a 27% share in and take over the management of Indias National Aluminium Company (Nalco). Indian government approval of the move is awaited. Alba chief executive Bruce Hall said that the deal, though it is worth nearly $400mn, could cost Alba up to twice that much since we have to take into account the money that might have to...