ADNOC Energy to Acquire Taqa Shares
Abu Dhabi Energy announced its intention to conduct a mandatory acquisition of all shares of Taaka Company, totaling 2.11 billion shares, at a price of 2.70 AED per share, which is higher than the previous market price. This step follows the completion of purchasing an additional 9.9 billion shares, bringing its stake in the company to 98.12%. The acquisition process will be executed in accordance with applicable laws and regulations, contingent upon the approval of the general assembly to amend the company's bylaws within 45 days.
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