Dubai International Capital rumoured to sell Almatis within 18 months

By James Sean Dickson
Published: Tuesday, 28 October 2014

Almatis does not have the debt problems of its holding company — the importance of the sale to the alumina producer would be the transfer of the business from a company has had to be light on spending, to one which, if purchasing assets, seems likely to have a significant drive and capacity for investment in Almatis’s operations.

Almatis, the Germany-based alumina producer, is rumoured to be transferred to new ownership within 18 months as its current owner, Dubai International Capital (DIC) considers its restructuring.

DIC owns around an 80% stake in Almatis, and another stake is known to be held by Blackstone-owned GSO Capital Partners.

DIC CEO...

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