Mubadala Fund, Tabreed Buy Cooling Concession for $285 Million - Bloomberg:
"A group including Mubadala Infrastructure Partners and National Central Cooling Co. (TABREED) acquired a concession to provide cooling services to developments on Abu Dhabi’s Al Maryah Island for $285 million.
Mubadala Infrastructure Partners, an independent Mubadala-linked infrastructure fund with institutional investors from the Gulf region and Asia, and National Central Cooling, known as Tabreed, will take over the existing district cooling provider as part of the 30-year deal, according to an e-mailed statement today from Tabreed.
The transaction will be funded through a combination of equity and a 20-year non-recourse senior loan provided by First Gulf Bank PJSC (FGB), it said."
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