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Mubadala Seeks Over $20 Billion Value for EGA in IPO

  • Abu Dhabi wealth fund invites banks to pitch for listing roles
  • Previous attempt to list aluminium producer shelved in 2018
Photographer: Andrey Rudakov/Bloomberg

Mubadala Investment Co. is seeking a value of more than $20 billion including debt for Emirates Global Aluminium PJSC as it inches closer to listing the business, according to people familiar with the matter.

The Abu Dhabi sovereign wealth fund has asked banks to start pitching for roles on an initial public offering of EGA, the people said, asking not to be identified discussing confidential information.