Sources, who have requested anonymity due to the confidentiality of the proposal, have revealed to reporters that Mubadala Development Co., based in Abu Dhabi, will purchase a stake in the state-owned Dubai Aluminum Co. The deal will see the combination of the United Arab Emirates’ two largest aluminum producers and, according to a source, will result in a joint venture worth $15 billion, though the price Mubadala will pay for the buyout remains unknown. According to reports, Mubadala will work with Investment Corp. of Dubai to carry out the venture, which would see the joining of Dubai Aluminum with Emirates Aluminum Co. The result would be a joint venture equally controlled by the parties.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI