US EditionTabreed, CVC enter talks to acquire Multiply’s district cooling unit in $1.1bn deal
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Tabreed, CVC enter talks to acquire Multiply’s district cooling unit in $1.1bn deal
Abu Dhabi’s National Central Cooling Company PJSC, also known as Tabreed, backed by Engie, and global private equity firm CVC Capital Partners have entered exclusive negotiations to acquire PAL Cooling Holding (PCH), the district cooling subsidiary of Multiply Group, in a transaction expected to exceed $1bn, according to a report by Reuters citing sources familiar with the matter. Tabreed and CVC emerged as the lead bidders for PCH, with the bid…
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