Emirates Global said to pick BofA, Goldman for IPO

EGA is planning to sell shares at a time when commodity prices have rebounded

Emirates Global Aluminium, the largest aluminum producer in the West Asia, has selected advisers for an initial public offering that could raise about $3 billion, according to people familiar with the matter.

The United Arab Emirates-based company is working with Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co on the share sale, said the people, who asked not to be named as the details aren’t public. Aside from a local listing, EGA could also seek a presence on an overseas stock exchange like London, though no final decisions have been made, the people said.

EGA, which is