en.Wedoany.com Reported - Aluminium Bahrain (Alba) has agreed to acquire all shares of Aluminium Dunkerque, the largest aluminum plant in the European Union, for approximately $2.2 billion.

Khaled Al Rumaihi, Chairman of Alba's Board of Directors, stated that this acquisition is a decisive moment for the producer, representing a strategic step toward building a more diversified and competitive international industrial platform, which will strengthen the company's position in the global market.

The acquisition memorandum was signed on Tuesday during the "Choose France" investment summit in Paris. Under the agreement, Alba will acquire 100% of Aluminium Dunkerque's shares from American Industrial Partners (AIP), a U.S. investment firm, with the acquisition fully funded by a consortium of partner banks of the Bahraini company. Bpifrance, the French national investment bank, will invest 100 million euros, acquiring a 6% stake in the company and a seat on the board of the holding company.

Alba is the world's largest single-site aluminum producer. Located in the town of Loon-Plage in northern France, the Aluminium Dunkerque plant is the largest aluminum production facility in the European Union, with an annual output of approximately 300,000 tons.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com