Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), through its fully-owned subsidiary TAQA Energy BV, entered into definitive agreements with Waldorf Energy Netherlands BV to sell 100% of its oil and gas business in the Netherlands.
The ADX-listed firm noted that the transaction is still subject to obtaining regulatory and other third-party approvals, according to a bourse disclosure.
Earlier this month, the UAE-based company closed the refinancing of its $3.50 billion revolving credit facility, which was oversubscribed 1.7 times.
During the first half (H1) of 2022, the net profits attributable to the equityholders of TAQA jumped to AED 4.28 billion from AED 2.85 billion in H1-21. Revenues surged by 15% to AED 25.42 billion in H1-22, versus AED 22.19 billion during the same period a year earlier.
