Tabreed acquires 80% stake in Emaar's Downtown Dubai district cooling business for $675 million

Tabreed acquired an 80% stake in Emaar Properties' Downtown Dubai district cooling business for Dh2.48 billion ($675 million). Emaar retains the remaining 20% stake. The concession provides up to 235,000 RT of cooling capacity.

“Emaar will retain the remaining 20 per cent stake as part of the long-term partnership with Tabreed.”khaleejtimes.com

• 2 sources
• khaleejtimes.comEmaar sells 80% of Downtown's district cooling scheme to Tabreed for Dh2.48 billion | Khaleej TimesExternal AuthorApr 6, 2020
• thenationalnews.comTabreed buys 80% stake in Emaar cooling assets and looks at new opportunities | The NationalSarmad Khan, Fareed RahmanApr 6, 2020

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