Emirates Central Cooling Systems Corporation PjscDFM: EMPOWER

DEWA raises stake in Empower to 80% with $1.4 billion transaction

· Issued by Emirates Central Cooling Systems Corporation Pjsc

Dubai Electricity and Water Authority PJSC DFM:DEWA:

  • DUBAI ELECTRICITY AND WATER SERVICES PROVIDER DEWA INCREASES OWNERSHIP IN EMPOWER TO 80% IN TRANSACTION WORTH 5.184 BILLION DIRHAMS ($1.41 billion) -STATEMENT

  • TRANSACTION SEES TRANSFER OF DUBAI HOLDING'S FULL STAKE IN EMPOWER TO DEWA -STATEMENT

($1 = 3.6728 UAE dirham)