Abu Dhabi's TAQA said to mull assets sale this year - Energy - ArabianBusiness.com:
"Abu Dhabi National Energy Co (TAQA), the state-owned explorer and power supplier, may sell assets this year and has picked two international advisers for a possible sale, two sources familiar with the matter said on Thursday.
TAQA, about 75 percent owned by the government of Abu Dhabi, has hired Australian investment bank Macquarie and McKinsey & Co as advisers, the sources said.
"Some of TAQA's assets no longer fit into its strategy after the company's growth plans were rebalanced," one of the sources told Reuters, adding that the sales would reduce debt leverage and improve cash flow."
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