News Formal

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

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

AnayasaNevzat

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker