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New Deal


Announced

TAQA, Mubadala and ADNOC to form a joint venture in a $3bn deal.

Financials

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Transaction Value£2,252m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United Arab Emirates

Majority

clean energy

green hydrogen

Renewable Energy Equipment

Domestic

Private

Joint Venture

Friendly

Pending

Synopsis

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Abu Dhabi National Energy Company, Mubadala and Abu Dhabi National Oil Company agreed to form a joint venture specialized in renewable energy and green hydrogen in a $3bn deal. As an early pioneer in the emerging market for hydrogen and its carrier fuels, ADNOC has ambitious plans to grow domestic and international hydrogen value chains, leveraging its trading capabilities, existing infrastructure and logistics.

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