Dubal and Emal merge
Issue 949
- 21 Jun 2013
| 1 minute read
Dubai Aluminium (Dubal) and Emirates Aluminium (Emal) have merged to form a new industrial giant, Emirates Global Aluminium (EGA), with a value of more than $15bn. In a statement on 3 June, the EGA’s two shareholding companies, Mubadala Development Company (MDC) and the Investment Corporation of Dubai, said it would be a jointly held, equal-ownership company, with plans for “significant local growth and international expansion”.
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