Dubai's Emaar sells majority of cooling business to Tabreed for $675 million

📆 6/04/2020 4:01 a. m.
📰 Reuters

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 97%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Emaar Properties has sold an 80% stake in its cooling business in the prime Dubai Downtown area to National Central Cooling Co (TABREED) for 2.48 billion dirhams ($675 million), the companies said on Monday.

Emaar will retain a 20% share in the business through a long-term partnership with Tabreed, they said in a statement to the Dubai bourse.

The downtown district cooling business, through a long-term concession, will provide up to 235,000 refrigerated tonnes of cooling to the area which includes the world’s tallest tower, the Burj Khalifa, and the Dubai Mall shopping centre.

Escribir Comentario

AnayasaNevzat

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Colombia Últimas Noticias, Colombia Titulares