Dubai International Capital rumoured to sell Almatis within 18 months
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