Alba appoints BNP Paribas as financial and rating advisor for Line 6 project
- Bahrain: Monday, July 23 - 2012 at 15:17
- PRESS RELEASE
Aluminium Bahrain B.S.C. ("Alba") is pleased to announce that it has appointed BNP Paribas as a financial advisor and rating advisor to the Company in identifying and assessing financing options in connection with the project to expand the company's smelter to include a sixth potline.
BNP Paribas was selected as financial advisor and rating advisor to the Company due to the bank's strong presence in Bahrain along with its extensive experience within the aluminium sector.
The signing ceremony took place in Paris with the Chairman of Alba's Board of Directors, Mahmood Hashim Al Kooheji signing on behalf of the Company and senior representatives from BNP Paribas' Board and MEA Region signing on behalf of BNP Paribas.
Alba has been consistently ranked as one of the largest aluminium smelters in the world, and is known for its technological strength, global competitiveness and innovative policies. Alba produces more than 860,000 metric tonnes per annum of aluminium which meet or exceed the industry standard for purity, with products including standard and T-ingots, extrusion billets, rolling slab, propertzi ingots, and molten aluminium. It has also maintained a strong track record of operational safety and environmental compliance.
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