Citigroup (NYSE:C) and JPMorgan (NYSE:JPM) have been retained by Aluminium Bahrain BSC to manage a sale of its shares on a number of exchanges, both local and international.
The sovereign wealth fund of Bahrain, Bahrain Mumtalakat Holding Co., may sell up to 163 million shares of the company, about 11.5 percent overall. The company has close to 1.42 billion shares outstanding.
Ordinary shares will be listed on the Bahrain exchange while global depository receipts on the London bourse.
J.P. Morgan Securities Ltd. was appointed as sole global coordinator and bookrunner for the proposed sale, while Citigroup Global Markets Ltd. was hired on as co-manager. Regional lead manager will be Gulf International Bank BSC.
Showing posts with label Aluminum Bahrain BSC. Show all posts
Showing posts with label Aluminum Bahrain BSC. Show all posts
Tuesday, October 5, 2010
Wednesday, April 7, 2010
More Evidence Against Alcoa (NYSE:AA) Agent
Alcoa Bribery Case
Former Alcoa (NYSE:AA) agent Victor Dahdaleh has reportedly had more evidence gathered against him in a bribery and money laundering case related to alleged bribes offered to government officials of Bahrain, in exchange for doing business in the country, which would put him in violation of the 1977 U.S. Foreign Corrupt Practices Act.
The company involved from the Persian Gulf country of Bahrain is Aluminum Bahrain BSC, a manufacturing company owned by the government.
Also known as Alba, the company is among the largest aluminum smelters in the world.
U.S. officials are now searching whether executives at Alcoa knew about the alleged kickbacks, or Dahdaleh was acting on his own.
Dahdaleh has ties to liberal U.K. Labor Party politicians and former President Bill Clinton.
Alcoa Bribery Case
Former Alcoa (NYSE:AA) agent Victor Dahdaleh has reportedly had more evidence gathered against him in a bribery and money laundering case related to alleged bribes offered to government officials of Bahrain, in exchange for doing business in the country, which would put him in violation of the 1977 U.S. Foreign Corrupt Practices Act.
The company involved from the Persian Gulf country of Bahrain is Aluminum Bahrain BSC, a manufacturing company owned by the government.
Also known as Alba, the company is among the largest aluminum smelters in the world.
U.S. officials are now searching whether executives at Alcoa knew about the alleged kickbacks, or Dahdaleh was acting on his own.
Dahdaleh has ties to liberal U.K. Labor Party politicians and former President Bill Clinton.
Alcoa Bribery Case
Subscribe to:
Posts (Atom)