News
25 March 2020

Press Metal closes $300m facility for stake in BAI

In:
Metals and Mining
Region:
Asia-Pacific

Malaysian-based aluminium company Press Metal has closed a $300 million dual-tranche Islamic financing to partially back its acquisition of Bintan Alumina Indonesia (BAI). Press Metal’s agreed to acquire a 20% stake in BAI for $80 million in November 2019.The deal comprises a $30 million...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
03 September 2026

Taean: A Korean offshore wind test case for ECAs

The embryonic Korean offshore wind market is a long way off project finance adolescence. A viable ECA-backed template for big-ticket projects is set to emerge next year – but...

Perspective
03 September 2026

Serica and Adura: A modest comeback for North Sea RBLs

Serica Energy’s oversubscribed $750 million refinancing and Adura’s $3 billion RBL show that bank liquidity is returning to the UK’s North Sea. But it is returning on terms...