Aluminium Bahrain (Alba) has received clearance from European Union regulators to acquire Aluminium Dunkerque, EU’s largest primary aluminium smelter, in a transaction valued at approximately USD 2.2 billion.
The deal marks a significant step in Alba’s strategy to build a global low-carbon aluminium platform. The transaction was announced jointly with American Industrial Partners, the current owner of Aluminium Dunkerque, and Bpifrance, which will acquire a minority stake in the company alongside Alba.
The Memorandum of Understanding (MoU) between Alba and Bpifrance was signed in Paris during the Choose France Summit in the presence of His Excellency Shaikh Salman bin Khalifa Al Khalifa, Bahrain’s Minister of Finance and National Economy and Chairman of Mumtalakat Holding Company, and Nicolas Forissier, France’s Minister Delegate for Foreign Trade and Economic Attractiveness.
The signing ceremony was attended by Khalid Amro Al-Rumaihi, Chairman of Alba’s Board of Directors; Dino Cusumano, Managing Partner at American Industrial Partners; and José Gonzalo, Executive Director of Capital Development at Bpifrance.