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Alba eyeing acquisition opportunities in India
- Bahrain: Thursday, March 07 - 2013 at 06:57
Aluminium Bahrain (Alba) has said it is looking to acquire a share in a mine or refinery as its impending expansion increases its demand for raw materials, Reuters has reported. The company, which own the world's fourth-largest aluminium smelter, may take a small stake in either a bauxite mine or a new or existing refinery, with India among likely options given its proximity to the Gulf Arab region in comparison with other candidates like Guinea, Alba CEO, Tim Murray, told the news service. Much of the funding for the expansion will be raised from export credit agencies and both commercial and Islamic banks, with a bond also part of the package, Murray said, adding the firm was currently securing a credit rating.
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