Bahrain's SWF plans to buy stake in Spanish aluminium firm

Mumtalakat says to buy a 49% interest in Aleastur to help it expand operations into the Gulf region
Bahrain's SWF plans to buy stake in Spanish aluminium firm
By Reuters
Mon 16 Nov 2015 01:57 PM

Mumtalakat plans to buy a 49 percent stake in Spanish aluminium products group Aleastur, an executive at the Bahraini sovereign fund said on Monday.

"We are taking a minority stake and helping the company to expand into the Gulf," Joseph Kirikian, head of industries and services at Mumtalakat, told Reuters on the sidelines of an aluminium conference.

He declined to give a value for the investment but said the deal would hopefully close soon.

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