May 03 2012 |
more articles from
|
Mubadala boosts stake in SMN Power
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
© Copyright Zawya. All Rights Reserved.
People Who Read This Also Read
Related to this article
- President Massoud Barzani Hails Abu Dhabi's Progress in Renewable Energy
- GE's new Abu Dhabi office in Sowwah Square puts into practice sustainable design for the cities of the future
- UAE nationals to comprise 40 per cent of Etihad Rail workforce by end of 2012
- National Reference Laboratory receives accreditation from College of American Pathologists



Post Your Comment