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BNP Paribas to advise Alba on $2.5bn financing

Aluminium Bahrain (Alba) has hired BNP Paribas as adviser to assess the state-controlled company's options for raising $2.5bn in financing to expand its smelter, Bloomberg has reported. Work on the study to assess the feasibility of adding a sixth potline will start by the end of this year. The proposed potline will produce 400,000 metric tonnes a year, boosting total capacity by about 30% to 1.3 million tonnes, CEO of Alba, Laurent Schmitt said last month.