# TAQA and ADNOC to acquire Masdar stake from Mubadala

Abu Dhabi National Energy Company (TAQA) and Abu Dhabi National Oil Company (ADNOC) have entered into binding agreements to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, valuing the new Masdar joint ventures at approximately AED 7 billion (US$1.9 billion).

- Type: Acquisition
- Announced: 2022-06-29
- Where: United Arab Emirates
- Value: $1.90B
- Status: announced
- Products: renewable energy, green hydrogen
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mubadala Investment Company](https://endata.com/companies/5162.md) (partner)
- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md) (acquirer)
- [Abu Dhabi National Energy Company](https://endata.com/companies/30602.md) (acquirer)
- [Abu Dhabi Future Energy Company](https://endata.com/companies/63788.md) (target)

## Sources

- [legalcommunitymena.com](https://legalcommunitymena.com/taqa-adnoc-mubadala-masdar/), 2022-06-29: "The partnership sets out to create a global clean energy powerhouse that consolidates the renewable energy and green hydrogen efforts of TAQA, Mubadala and ADNOC under the Masdar brand."

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