Published: Sep 07, 2014
Source: Emirates 24|7

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Taqa may sell assets this year, hires advisers

Some assets could be disposed of before the year-end

Abu Dhabi National Energy Co (Taqa), the state-owned explorer and power supplier, may sell assets this year and has picked two international advisers for a possible sale, two sources familiar with the matter said on Thursday.

Taqa, about 75 percent owned by the government of Abu Dhabi, has hired Australian investment bank Macquarie and McKinsey & Co as advisers, the sources said - By Reuters. Read more>>>

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