Emirates Global Aluminium likely to delay float after market turmoil

Emirates Global Aluminium likely to delay float after market turmoil:

"Emirates Global Aluminium’s (EGA) stock market listing is likely to slip to 2019 because of turmoil in global aluminum markets after the US imposed sanctions on Russian aluminum group Rusal, three sources familiar with the deal said. “The IPO (initial public offering) is delayed to 2019 due to market conditions,” one of the sources said. EGA, which produces 2.6 million tons of cast metal a year and is the third-largest producer of primary aluminum outside China, announced plans to float last year."



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