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Mubadala seeks over $20bn value for EGA in IPO
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Mubadala seeks over $20bn value for EGA in IPO
EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai
July 18, 2021
Mubadala Investment is seeking a value of more than $20bn including debt for Emirates Global Aluminium as it inches closer to listing the business, according to people familiar with the matter.
The Abu Dhabi sovereign wealth fund has asked banks to start pitching for roles on an initial public offering of EGA, the people said, asking not to be identified discussing confidential information.