Taqa has investments in power and water generation, water treatment and reuse, transmission and distribution, and upstream and midstream oil and gas operations. Vidhyaa Chandramohan for The NationalShow caption: Taqa has investments in power and water generation, water tr…Utility now completely owned by L'imad unit Abu Dhabi Power Corporation
Taqa will be delisted from the Abu Dhabi Securities Exchange after L'imad completed a 100 per cent acquisition of the utility firm.
L'imad acquired Taqa's remaining shares through its subsidiary Abu Dhabi Power Corporation, following an earlier purchase of 98.12 per cent of the issued share capital.
The Abu Dhabi sovereign wealth fund is expanding its portfolio, also announcing plans to fully acquire AD Ports Group through its wholly owned subsidiary ADQ.
In May, L'imad joined global investors including Adnoc, BlackRock's GIP and Singapore's Temasek in a $30 billion infrastructure investment consortium across the Gulf and Central Asia.
