# Tabreed acquires 50% stake in Reem Island district cooling plant for Dh348M

Tabreed announced the acquisition of a 50% shareholding in S&T Cool District Cooling Company on Reem Island, Abu Dhabi, from Aldar Properties for Dh348 million, giving Tabreed 100% ownership. The plant has a connected capacity of over 31,500 RT.

- Type: Acquisition
- Announced: 2018-03-13
- Where: Reem Island, Abu Dhabi, United Arab Emirates
- Value: $94.7M (348.0M AED)
- Status: announced
- Capacity: 31,500 refrigeration tons
- Products: district cooling
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Tabreed](https://endata.com/companies/30728.md) (acquirer)
- [Aldar Properties](https://endata.com/companies/30729.md) (target)
- [S&T Cool District Cooling Company](https://endata.com/companies/30730.md) (target)

## Sources

- [gulfnews.com](https://gulfnews.com/business/energy/tabreed-acquires-50-of-reem-island-district-cooling-plant-1.2187399), 2018-03-13: "National Central Cooling Company (Tabreed), on Tuesday announced the acquisition from Aldar Properties of 50 per cent shareholding in S&T Cool District Cooling Company on Reem Island in Abu Dhabi for Dh348m."

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