March 13, 2018 / 5:34 AM / 4 months ago

BRIEF-Tabreed Acquires 50 Pct Of S&T Cool District Cooling From Aldar

March 13 (Reuters) - NATIONAL CENTRAL COOLING:

* TABREED ACQUIRES 50 PERCENT OF S&T COOL DISTRICT COOLING COMPAN (REEM ISLAND DISTRICT COOLING PLANT) FROM ALDAR

* TABREED WILL OWN 100 PERCENT OF COMPANY FOLLOWING COMPLETION OF TRANSACTION‍​

* TRANSACTION VALUES S&T AT AED 348 MILLION

* ACQUISITION IS CONSISTENT WITH TABREED’S STRATEGY OF ACQUIRING ADDITIONAL DISTRICT COOLING ASSETS Source:(bit.ly/2FJAT1r) Further company coverage:

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