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28-08-21
One of world’s largest aluminum producers (EGA) examines proposals from banks
(MENAFN)According to sources, Emirates Global Aluminium (EGA) considers a possible initial public offering coming year that is planned to be one of the biggest share sales in the United Arab Emirates in recent years.
Three sources familiar with the matter further declared that EGA that is one of the world’s largest aluminum producers is evaluating proposals from banks that inclined for advisory roles.
It added that the company plans to offer amid 10 percent and 20 percent of its shares to investors and initial expectations from banks value the company from USD16 billion to USD19 billion.
In addition, EGA predicts banks to check out its assessment, and to test investor need to the deal and other factors.
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