Abu Dhabi Energy to acquire Taqa fully
The Abu Dhabi Energy Foundation announced a mandatory acquisition of the entire shares of Abu Dhabi National Energy Company "Taqa," amounting to 2.11 billion shares at a price of 2.70 dirhams per share. This increases its stake to 98.12% of the total 112.43 billion shares. This acquisition follows the completion of its purchase of an additional 9.9 billion shares, and the process is subject to approval by the general assembly and amendments to the company's bylaws.
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