Tabreed and CVC DIF to acquire PAL Cooling from Multiply Group

Tabreed and CVC DIF have entered a partnership to acquire PAL Cooling Holding from Multiply Group for an equity value of approximately AED 3.8 billion. The deal includes eight long-term district cooling concessions in Abu Dhabi.

“The transaction, with an equity value of approximately AED 3.8 billion, includes three long-term concessions in the Abu Dhabi main island area and five long-term concessions on Al Reem Island.”cvc.com

• 1 source
• cvc.comTabreed and CVC DIF to acquire Abu Dhabi’s PAL Cooling from Multiply Group | CVCJun 30, 2025

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