Multiply Group to acquire a 7.3% stake in TAQA from ADQ for $2.7bn.

Multiply Group, an Abu Dhabi-based tech-focused holding company, agreed to acquire a 7.3% stake in TAQA, a utilities firm in Europe, the Middle East and Africa, from ADQ, Abu Dhabi's holding company, for $2.7bn. "The transaction underlines our efforts to attract long-term institutional partners and leverage monetisation opportunities that ensure we generate sustainable capital growth and a balanced portfolio of diversified investments," Mohamed Alsuwaidi, ADQ Managing Director and CEO.