# Liberty House Group secures financing to acquire Rio Tinto's Dunkerque aluminum smelter

Liberty House Group, part of GFG Alliance, secured a five-year term loan from international banks to purchase Rio Tinto's Dunkerque aluminum smelter in France. The smelter has an annual capacity of 270,000 tons, and the deal is expected to close before the end of November 2018.

- Type: Acquisition
- Announced: 2018-11-15
- Where: Dunkerque, France, France
- Value: $500.0M
- Jobs: 570
- Status: announced
- Capacity: 270,000 tons per year
- Products: aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md) (target)
- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)
- [Liberty House Group](https://endata.com/companies/19785.md) (acquirer)
- [Liberty Aluminium Dunkerque](https://endata.com/companies/37158.md) (target)

## Sources

- [agmetalminer.com](https://agmetalminer.com/2018/11/15/liberty-group-seals-financing-to-acquire-rio-tintos-dunkerque-aluminum-smelter/), 2018-11-15: "This transaction allows us to press ahead with our plans to develop Dunkerque, to expand production and create added-value downstream operations."
- [libertysteelgroup.com](https://libertysteelgroup.com/liberty-completes-acquisition-of-aluminium-dunkerque/), 2018-12-14: "Today is a real milestone in our European investment journey and the"
- [nordfranceinvest.com](https://www.nordfranceinvest.com/news/liberty-aluminium-dunkerque-already-e100m-in-planned-investments/), 2019-02-06: "Just one year ago, Liberty House offered $500 million to Rio Tinto for the acquisition of the Aluminium Dunkerque factory in Hauts-de-France."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.