Point Zero exits Taqa stake
The "2 Point Zero" group has completed the sale of its 7.29% stake in Abu Dhabi National Energy Company (Taqa) to Abu Dhabi Energy Authority, in order to enhance liquidity and financial flexibility. The proceeds from the transaction will be directed towards improving its capital structure and investing in strategic sectors such as energy, mining, and food, while maintaining a strong financial valuation that positions it for sustainable returns exceeding 15%. This step underscores its strategy of portfolio diversification and strengthening its capacity for global expansion.
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