Dubai Investments divests 50% stake in EMICOOL to Actis in $1bn deal ...United Arab Emirates

Dubai Investments, the Dubai Financial Market-listed diversified investment company, has said that it has entered a deal to divest a 50% stake in Emirates District Cooling Company (EMICOOL) to Actis, a global investor in sustainable infrastructure, at a corporate valuation of USD$1 billion, and an equity valuation of $653 million. With an extensive network in multiple geographies, the JV is aimed at supporting EMICOOL in its vision towards becoming one of the leading providers of sustainable and efficient district cooling services in the wider MENA region, a statement said. “Our JV deal with Actis is aimed at serving the growing demands of the district cooling sector by seamlessly integratin

Hence then, the article about dubai investments divests 50 stake in emicool to actis in 1bn deal was published today ( Wednesday 13/04/2022 - 01:15 PM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Dubai Investments divests 50% stake in EMICOOL to Actis in $1bn deal )

Also on site :

• Moment brazen thieves take young boy on petrol station raid in broad daylight - as UK fuel shortage fears surge amid Iran war blockades
• Academic, administrative decisions at Sana& 039;a University issued
• Clapham security guard tells of moment he was forced to lock customers inside store as mobs of feral youths ran wild - after Met Police warned of Easter holiday 'linkups'