Emirates Global Aluminium to acquire Leichtmetall.

Emirates Global Aluminium, an aluminium production, agreed to acquire Leichtmetall, a aluminium recycling company. Financial terms were not disclosed. "This acquisition provides EGA a platform to develop a recycling business close to our customers in Europe, contributing to the emerging circular economy and building on our existing position as one of the biggest importers of primary aluminium on that continent. Leichtmetall will grow as part of EGA. The acquisition of Leichtmetall adds significant value to EGA and, alongside the recycling facility we are building in Abu Dhabi, is just the first step for EGA in capturing growth opportunities worldwide in low carbon primary and recycled aluminium, expanding our business and enabling us to reach net zero greenhouse gas emissions by 2050." Abdulnasser Bin Kalban, Emirates Global Aluminiun CEO.