Some tickets were relisted on resale sites for as much as Dh38,581
Dubai International Capital will retain the existing management team and further support the global growth strategy pursued by Almatis.
Sameer Al Ansari, Executive Chairman and Chief Executive Officer of Dubai International Capital said "We are delighted to be making this announcement today. Almatis is the global leader for specialty alumina . We view this acquisition as an important milestone in the evolution of Dubai International Capital Private Equity and reinforces our position as a partner of choice for private equity owners and management teams alike."
Almatis, headquartered in Frankfurt, Germany, is the global leader in the research, development and production of specialty alumina materials used in various industrial manufacturing processes such as steel refractories, ceramics and flame retardants. Its modern global manufacturing capability spans three continents, with eight manufacturing facilities in Germany, the Netherlands, the United States, Japan, China and India, and employing over 900 people.
Some tickets were relisted on resale sites for as much as Dh38,581
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