ALBA's €2.2 Billion European Power Move
Bahrain's aluminium giant snaps up the EU's largest smelter in a landmark deal signed in Paris
Aluminium Bahrain (Alba), the world's largest single-site aluminium smelter, has agreed to acquire Aluminium Dunkerque—the European Union's biggest aluminium smelter—in a deal valued at $2.2 billion. The agreement was announced on June 2 at the prestigious "Choose France" investment summit in Paris.
The Memorandum of Understanding was signed in the presence of Bahrain's Minister of Finance and National Economy, H.E Shaikh Salman bin Khalifa Al Khalifa, and French Minister of Foreign Trade Nicolas Forissier. The MOU was formally executed by Alba's Chairman Khalid Amro Al-Rumaihi, alongside partners from American Industrial Partners and French public investment bank BPI France.
Alba will acquire 100% of Aluminium Dunkerque, fully financed through a consortium of partner banks. BPI France will also inject €100 million in equity, securing a 6% stake and a board seat — pending regulatory approvals.
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