Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 06-01-2021 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Aldar Properties Divestment of UAE District Cooling Assets | Industry: | Gas, Water & Multiutilities |
| Description: |
Clifford Chance advised Aldar Properties PJSC on its divestment of two district cooling assets on Abu Dhabi's Saadiyat Island to National Central Cooling Company PJSC (Tabreed) for a total consideration of AED 963 million (approximately USD263 million).
The leading UAE listed property developer purchased a 100% stake in Saadiyat District Cooling LLC (SDCL) and an 85% stake in Saadiyat Cooling LLC (SCL) as part of a wider acquisition of assets from the Tourism Development and Investment Company.
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| Financial Center: | Dubai | Value: | 100.01-500.00 |
| Advised Party: | Seller | Law Firm | Clifford Chance |
| Assets Jurisdiction | UAE | Purchaser Jurisdiction | UAE |
| Classification: |
Transfer of Infrastructure Assets Industrial Assets |
Lawyer | Mo Al-Shukairy |
