LONDON: Emirates Global Aluminium (EGA), the largest aluminium producer in the Middle East, is preparing to sell shares amid a comeback in commodities prices, according to people familiar with the matter. The UAE agreed to merge its two flagship state aluminium firms in 2013 to create EGA, with an enterprise value of about US$15bil. Output jumped 4.2% to a record 2.5 million tonnes, making the UAE the fourth-biggest aluminium producer, the company said. EGA is the largest industrial company in the UAE outside of the oil and gas business. The London Metal Exchange index of six primary metals including aluminium has rallied about 28% in the last 12 months.

Source: The Star March 05, 2017 23:26 UTC