Bloomberg News

Emirates Aluminium To Start Talks With Banks in June, MEED Says

May 10, 2012

Emirates Aluminium Co., an Abu Dhabi- based smelter, will approach banks in June to finance its expansion, MEED reported, citing people familiar with the project.

Negotiations with export credit agencies from Korea, the U.S., France and Germany will conclude soon, paving the way for the company to seek commercial funding, according to the report. Mubadala Development Co. and Dubai Aluminium Co., Emal’s owners, are also planning to issue a project bond to fund the expansion, MEED said.

The company hopes to reach agreement on financing by October, according to the report.

To contact the reporter on this story: Ayesha Daya in Dubai adaya1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


Video Game Avenger
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus