Alba and Ma'aden Call Off Merger Talks
Deal News | Jan 13, 2025 | EIN
Aluminium Bahrain B.S.C. (Alba) and Saudi Arabian Mining Co. (Ma'aden) have discontinued merger talks, which would have seen Ma'aden Aluminium Co. and two of its units transferred to Alba. The potential merger, aimed at creating a global aluminium leader, was called off by mutual agreement. Alba and Ma'aden also terminated their agreement for marketing and sale of products from Ma'aden Aluminium Co. Despite previous extensions to negotiations, including a heads of terms validity extension to Q2 2025, and a $1 billion transaction involving Ma'aden acquiring Sabic's stake in Alba, the discussions have ceased.
Sectors
- Aluminium Industry
- Mining Industry
Geography
- Bahrain – Aluminium Bahrain B.S.C. is based in Bahrain.
- Saudi Arabia – Saudi Arabian Mining Co. (Ma'aden) is based in Saudi Arabia.
Industry
- Aluminium Industry – The article involves companies involved in aluminium production and smelting.
- Mining Industry – Ma'aden's involvement as a mining company reflects the relevance of the mining sector in the article.
Financials
- $1 billion – Value associated with Ma'aden's acquisition of Sabic's stake in Alba.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aluminium Bahrain B.S.C. (Alba) | Target company | Company | Bahrain's largest listed company and a global leader in aluminium production. |
| Saudi Arabian Mining Co. (Ma'aden) | Bidding company | Company | Saudi Arabia’s state-backed mining company involved in aluminium production. |
| Maaden Aluminium Co. | Selling Company | Company | A subsidiary of Ma'aden involved in the proposed merger discussions. |
| Brinda Darasha | Author | Person | Reporter for the news article. |
| Seban Scaria | Editor | Person | Editor for the news article. |