Alba to acquire French aluminum smelter in $2.2 billion deal
2026-06-03 10:53:51 [Print]
Aluminium Bahrain (Alba) has agreed to acquire Aluminium Dunkerque, the European Union's largest aluminum smelter, in a deal valued at approximately $2.2 billion, the company announced on Tuesday.
French state-backed investment bank Bpifrance is set to take a 6% stake for €100 million ($116.5 million) under a memorandum of understanding signed on the sidelines of the Choose France Summit. As part of the agreement, Bpifrance will receive a seat on the board of Aluminium Dunkerque's holding company.
Alba stated that the acquisition, which is expected to close this year, will be fully financed by a consortium of its banking partners.
Aluminium Dunkerque produces around 300,000 metric tonnes of aluminum annually.
Alba's existing plant in Bahrain has a capacity of 1.6 million tonnes, although the company has reduced output since the outbreak of the Iran war.
French state-backed investment bank Bpifrance is set to take a 6% stake for €100 million ($116.5 million) under a memorandum of understanding signed on the sidelines of the Choose France Summit. As part of the agreement, Bpifrance will receive a seat on the board of Aluminium Dunkerque's holding company.
Alba stated that the acquisition, which is expected to close this year, will be fully financed by a consortium of its banking partners.
Aluminium Dunkerque produces around 300,000 metric tonnes of aluminum annually.
Alba's existing plant in Bahrain has a capacity of 1.6 million tonnes, although the company has reduced output since the outbreak of the Iran war.
Alumina 98.5%min EXW China
Unit:RMB/mt
China alumina producers' sales to production ratio statistics by province by month
Unit: %
