Masdar in talks to acquire minority stake in Endesa’s solar portfolio
An acquisition would see Masdar pay USD 200 mn for the minority stake
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An acquisition would see Masdar pay USD 200 mn for the minority stake
Plus: New AED 1 bn real estate project hits Dubai
The transaction will be settled through a mix of cash, new shares and mandatory convertible bonds
The offer sets a minimum acquisition target of 50% plus one share
The fair value price is at AED 3.68-4.06 per share
Cross-border transactions accounted for 74% of total M&A value in the region
The total value of buyouts was up 37% y-o-y to USD 602 bn last year
Adnoc Downstream CEO Khaled Salmeen said demand for plastics was still high
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