Dubai plans to sell a 10 per cent stake in Emirates Central Cooling Systems Corporation (Empower), the emirate’s district cooling provider, through an initial public offering as it looks to boost the size of its capital markets.
The Dubai Electricity and Water Authority and Emirates Power Investment (EPI) will sell a billion shares in Empower and reserve the right to amend the size of the offering, the company said on Monday. Dewa and EPI…
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