Abu Dhabi, Dubai Tap Banks for Multibillion-Dollar EGA Listing
A truck passes silos at the Emirates Global Aluminium PJSC Al Taweelah plant in Abu Dhabi.
Photographer: Christopher Pike/BloombergEmirates Global Aluminium PJSC has picked banks to arrange a potential initial public offering, according to people familiar with the matter, in what could be one of the largest listings in the Middle East.
The region’s biggest aluminum producer is in talks with Citigroup Inc., Goldman Sachs Group Inc., Emirates NBD Capital and First Abu Dhabi Bank PJSC to lead the deal, the people said, asking not to be named as the information is private. Rothschild & Co. is advising the firm, Bloomberg News reported last month.