Emirates Global selects advisers for IPO

Emirates

Global Aluminium, the largest aluminium producer in the Middle East, has selected advisers for an initial public offering that could raise about $3 billion (Dh11 billion), according to people familiar with the matter.

The UAE-based company is working with Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co. on the share sale. Aside from a local listing, EGA could also seek a presence on an overseas stock exchange like London, though no final decisions have been made. (Bloomberg)