DIC completes sale of Almatis to Oyak
Published: Tuesday, 01 September 2015
Today marks the start of a new chapter for German speciality alumina producer, Almatis, as Turkey’s largest pension fund, Oyak, has officially acquired the group. The valuation of the transaction was not disclosed, but rumours put the deal at around $1bn.
Investment firm Dubai International
Capital (DIC), the majority shareholder of speciality alumina
producer Almatis GmbH, has completed the sale of the company to
Turkey’s largest private pension fund, Oyak
Although terms of the transaction were not disclosed,
according to sources cited by Reuters newswire, the deal was
worth around $1bn....