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Dubai Investments in talks to acquire Emicool

By District Energy posted 07-07-2017 10:02

  

ITP Business Publishing, July 5, 2017

Summary

ITP Business Publishing Ltd. reports that Dubai Investments is currently in initial talks to buy Union Properties' stake in Emirates District Cooling LLC (Emicool), taking full control of the Dubai-based district cooling provider. The company is currently an equally owned joint venture between M'Sharie, the private equity arm of Dubai Investments, and Union Properties. Emicool is a member of the International District Energy Association (IDEA).

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