# Dubai Investments acquires remaining 50% stake in Emicool for AED 500 million

Dubai Investments acquired an additional 50% stake in Emirates District Cooling (Emicool) from Union Properties for AED 500 million, giving it full ownership of the district cooling company.

- Type: Acquisition
- Announced: 2018-01-21
- Where: Dubai, United Arab Emirates
- Value: $136.0M (500.0M AED)
- Status: announced
- Products: district cooling services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Dubai Investments](https://endata.com/companies/25347.md) (acquirer)
- [Union Properties](https://endata.com/companies/25348.md) (partner)
- [Emirates District Cooling](https://endata.com/companies/25349.md) (target)

## Sources

- [thenationalnews.com](https://www.thenationalnews.com/business/dubai-investments-buys-50-stake-in-emicool-for-dh500m-1.697207), 2018-01-21: "Dubai Investments, a Dubai-listed investment holding conglomerate, has acquired an additional 50 per cent stake in Emirates District Cooling (Emicool) from Union Properties for Dh500 million"

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