Middle East Economic Survey
VOL. LIII
No 27
5-Jul-2010
OMAN
TAQA Acquires Stake In Oman Aluminum Company
Abu Dhabi National Energy Company (TAQA) has acquired a 40% stake from its majority shareholder the Abu Dhabi Water and Electricity Authority (ADWEA) in Omans Sohar Aluminum Company (SAC), it said on 30 June. The purchase price was $400mn, with final terms still to be agreed between TAQA and ADWEA. This is a high quality operation and is not only expected to increase TAQAs cash flow, but also...
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