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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.
CVC DIF, through two transactions, acquired JW Water Holdings and a portfolio of eight regulated water and wastewater utilities from Robson Communities in Arizona, creating a platform serving over 50,000 customers.