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| Emirates Aluminium $4 billion financing | |
| Financial adviser | RBS (advised sponsor Mubadala Development Company) |
| return to the Deals of the Year 2013 index | |
On top of the Aldar-Sorouh merger, the financing of the second phase of Emirates Aluminium (Emal) added to Abu Dhabi and the UAE’s resurgent confidence in 2013.
Based near the Dubai border, Emal is 50%-owned by Mubadala, the main shareholder in Aldar. Emal’s second phase will almost double the production capacity of what has already been one of Mubadala’s biggest cash-yielding projects.
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