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Thursday, June 30, 2022 19:44 GMT

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Top News of UAE

Clifford Chance Advises UAE’s Taqa on Masdar Stake Acquisition

published:30/06/2022 07:32 GMT

Leading international law firm Clifford Chance is advising Abu Dhabi National Energy Company (Taqa) on its landmark stake acquisition, along with Abu Dhabi National Oil Company (Adnoc), in Masdar from Mubadala. Subject to obtaining the necessary regulatory approvals, Taqa will acquire a 43% controlling stake in Masdar’s renewables business with Mubadala retaining a 33% interest, and Adnoc owning the remaining 24% interest. Meanwhile, Adnoc will hold a 43% controlling stake in Masdar’s new green...More


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