Dubai's Tabreed in talks to buy Majid Al Futtaim cooling assets, sources say | Reuters
Dubai-listed National Central Cooling Co (Tabreed) (TABR.DU) is in exclusive talks to buy regional mall operator Majid Al Futtaim's cooling assets, two sources close to the matter said.
Tabreed has appointed Standard Chartered (STAN.L) to advise on the transaction, the sources, who declined to be named because the matter is not public, told Reuters.
Tabreed and Majid Al Futtaim did not immediately respond to requests for comment. Standard Chartered declined to comment.
District cooling firms deliver chilled water via insulated pipes to cool offices and industrial and residential buildings.
HSBC (HSBA.L) was advising Majid Al Futtaim, which develops shopping malls across the Middle East, Reuters reported in 2020.
No comments:
Post a Comment