Middle East Economic Survey
VOL. LII
No 8
23-Feb-2009
UAE
TAQA Buys 50% Stake In Marubenis Caribbean Power System
The Abu Dhabi National Energy Company (TAQA) on 18 February announced it had purchased a 50% equity stake in the existing Caribbean portfolio of Japans Marubeni Corporation. The purchase, expected to close by the end of the first quarter 2009, will see the formation of a 50-50 joint venture between the two companies that is focused on long-term investments in the energy sector in the...
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