Zawya
Summary
Engie-backed National Central Cooling Co, also known as Tabreed, is exploring a bid for Multiply Group's district cooling business that could be worth at least $1 billion, two sources with knowledge of the matter told Reuters.
Tabreed is working with Citi on the potential offer for Multiply's PAL Cooling Holding (PCH), said the two sources, declining to be named as the matter is not public.
Tabreed and Citi declined to comment. Multiply did not respond to a request for comment.
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