Abu Dhabi's state-owned fund Mubadala now holds a majority 26.1 percent stake in district cooling firm Tabreed after completion of a tender offer of shares to repay an Islamic bond due this month, Tabreed said on Sunday.
Mubadala and its wholly-owned subsidiary General investments FZE previously held a 16.79 percent stake in Tabreed, a company spokesman said.
In a statement to the bourse on Sunday, Tabreed said it has completed an issuance of 415.68 million shares to repay the 1.7 billion dirhams ($463 million) convertible Islamic bond, or sukuk.
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