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Abu Dhabi Is Said to Weigh Sale of $4 Billion Taqa Stake
Abu Dhabi Is Said to Weigh Sale of $4 Billion Taqa Stake
Bloomberg
5 hrs ago
© Photographer: Jasper Juinen/Bloomberg
Gas storage site, operated by Abu Dhabi National Energy Co. (Taqa).
(Bloomberg) --
Abu Dhabi is weighing the sale of a stake in its biggest utility as the oil-rich emirate seeks more international investment in its marquee assets, people familiar with the matter said.
The government is working with an adviser as it considers selling about 10% of Abu Dhabi National Energy Co., according to the people, who asked not to be identified because the information is private. The stake in the company, known as Taqa, could be worth more than $4 billion based on its current market price.
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