Finance
AIP plans sale or listing of French aluminium plant, union says
Published by Global Banking and Finance Review
Posted on November 21, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 21, 2025
2 min readLast updated: January 20, 2026
AIP plans to sell or list Aluminium Dunkerque, France's largest aluminium plant, after securing a 10-year power contract with EDF.
PARIS (Reuters) -U.S. investment firm American Industrial Partners plans to sell or list on the stock market Aluminium Dunkerque, France's largest aluminium plant, a union official said on Friday.
The local management informed workers representatives of AIP's plan, Johan Vlietinck, a representative of the CGT union at the site, told Reuters.
Bloomberg News had reported earlier that AIP was considering a sale or listing for Aluminium Dunkerque, which it acquired four years ago following a debt default by GFG Alliance, owned by commodities tycoon Sanjeev Gupta.
A spokesperson for AIP in France said the investment fund was not denying the press reports but would not comment further.
Aluminium Dunkerque could not be immediately reached for comment.
Unions had anticipated a possible sale after Aluminium Dunkerque signed a 10-year power contract with utility EDF in May, providing long-term cost visibility for the energy-intensive business, Vlietinck said.
Aluminium Dunkerque, which produces around 300,000 metric tons of raw aluminium per year, has an annual power consumption roughly equivalent to that of Marseille, France's second-largest city. It generates annual turnover of more than 800 million euros ($921.4 million), according to its website.
No offers for the business have been communicated to worker representatives, Vlietinck said, adding that the CGT union would like the French state to invest as part of a consortium.
France's economy ministry did not immediately respond to a request for comment.
($1 = 0.8682 euros)
(Reporting by Gus Trompiz, editing by Inti Landauro, Kirsten Donovan)
Aluminium Dunkerque is France's largest aluminium plant, producing around 300,000 metric tons of raw aluminium annually. It is known for its significant energy consumption, comparable to that of Marseille.
An investment firm is a company that invests money on behalf of clients, managing assets in various financial instruments to achieve specific financial goals.
Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled, focusing on the relationships among stakeholders.
An energy-intensive business is one that consumes a significant amount of energy in its operations, often leading to higher operational costs and requiring careful energy management.
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