# ENGIE acquires 40% stake in Tabreed from Mubadala

ENGIE acquired a 40% stake in National Central Cooling Company PJSC (Tabreed) from Mubadala Investment Company, making ENGIE a key shareholder alongside Mubadala which retains 42%. The transaction is subject to regulatory approval.

- Type: Acquisition
- Announced: 2017-06-19
- Where: Abu Dhabi, United Arab Emirates
- Value: $762.0M
- Status: announced
- Products: district cooling
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Engie](https://endata.com/companies/999.md) (acquirer)
- [Mubadala Investment Company](https://endata.com/companies/5162.md) (partner)
- [National Central Cooling Company PJSC (Tabreed)](https://endata.com/companies/24979.md) (target)
- [National Central Cooling Company PJSC](https://endata.com/companies/25414.md) (target)
- [Tabreed](https://endata.com/companies/30728.md) (target)
- [Mubadala](https://endata.com/companies/36332.md) (partner)

## Sources

- [en.newsroom.engie.com](https://en.newsroom.engie.com/news/engie-to-become-worldwide-leader-of-independent-district-cooling-by-acquiring-a-40-stake-in-tabreed-from-mubadala-38fb-314df.html), 2017-06-19: "ENGIE will support Tabreed’s growth by contributing to delivering massively and efficiently low-carbon energy, building on ENGIE’s 30-year experience in the GCC countries and world-class expertise in district energy."
- [globalbankingandfinance.com](https://www.globalbankingandfinance.com/herbert-smith-freehills-advises-engie-on-its-bid-to-acquire-a-40-stake-in-tabreed/), 2017-07-06: "ENGIE will become a key strategic shareholder along with Mubadala (which will retain a 42% stake) following the transaction."
- [en.newsroom.engie.com](https://en.newsroom.engie.com/assets/engie-to-become-worldwide-leader-of-independent-district-cooling-by-acquiring-a-40-stake-in-tabreed-from-mubadala-40e3-314df.html), 2019-06-07: "ENGIE to become worldwide leader of independent district cooling by acquiring a 40% stake in Tabreed from Mubadala"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.