03 May 2012
MUSCAT -- Abu Dhabi based Mubadala Power Holding Company Limited has acquired a stake of 10.875 per cent (2,171,037 Shares) in SMN Power Holding from MDC Industry Holding Company LLC. With this acquisition, the stake of Mubadala Power Holding Company Limited has increased to 30.875 per cent, SMN Power said in a securities filing to the Capital Market Authority.
Both the seller and purchaser are ultimately owned by Mubadala Development Company PJSC. Mubadala Power Holding Company Limited received the approval of the Capital Market Authority on April 4, 2012 to increase its stake in the company up to 30.875 per cent.
MUSCAT -- Abu Dhabi based Mubadala Power Holding Company Limited has acquired a stake of 10.875 per cent (2,171,037 Shares) in SMN Power Holding from MDC Industry Holding Company LLC. With this acquisition, the stake of Mubadala Power Holding Company Limited has increased to 30.875 per cent, SMN Power said in a securities filing to the Capital Market Authority.
Both the seller and purchaser are ultimately owned by Mubadala Development Company PJSC. Mubadala Power Holding Company Limited received the approval of the Capital Market Authority on April 4, 2012 to increase its stake in the company up to 30.875 per cent.
© Oman Daily Observer 2012
