Almatis equity sale proposed

By Mark Watts
Published: Thursday, 26 November 2009

Dubai’s DIC proposes offering 40% stake in alumina producer to lenders

Dubai International Capital LLC (DIC), owner of Almatis GmbH, has proposed offering a 40% stake in the German speciality alumina producer to junior lenders in a debt-for-equity swap.

 

According to a source close to Almatis, the offer was presented to a broad lender base in London on Wednesday, which...

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