LONDON: In a groundbreaking transaction, Nova Chemicals Holding GmbH, a subsidiary of Mubadala Investment Company’s MDGH, has entered into an agreement to sell its entire share capital in NOVA Chemicals Corporation to Abu Dhabi National Oil Company (ADNOC) PJSC. The deal, valued at a staggering $13.4 billion inclusive of debt, signifies a major strategic move…
Tag: ADNOC
ADNOC and Alpha Dhabi JV Enersol to acquire 42.206% stake in Gordon Technologies for $270 million
ABU DHABI, UAE: ADNOC Drilling Company and Alpha Dhabi Holding announced their joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC (“Gordon’’) for consideration of approximately $270 million, making Enersol the majority equity holder. The consideration is based on a valuation in line with the one…
ADNOC and TAQA partner to develop $2.4 billion sustainable water project
Abu Dhabi, UAE: ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) have announced a strategic investment project worth up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for ADNOC’s onshore operations. The project will develop a centralized world-class seawater treatment facility and transportation network for operations at the Bab and Bu…
TAQA and ADNOC to acquire majority stakes in Abu Dhabi Future Energy Company (Masdar)
ABU DHABI, UAE: Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala) have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, a bourse filing noted. This is a major milestone towards completing the transaction announced…
ADNOC & TAQA launch renewable energy and green hydrogen venture
ABU DHABI, UAE: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of the Board of Directors of Abu Dhabi National Oil Company (ADNOC), launched a new global renewable energy and green hydrogen venture between ADNOC…
OCI and ADNOC to sell 13.8% Fertiglobe shares in ADX IPO
AMSTERDAM: OCI N.V., Abu Dhabi National Oil Company (ADNOC) and Fertiglobe plc announced their intention to proceed with an initial public offering (IPO) of Fertiglobe and to list its shares for trading on the Abu Dhabi Securities Exchange (ADX). OCI and ADNOC intend to collectively offer 13.8% of Fertiglobe’s issued share capital in the offering….