A. SREENIVASA REDDY (ABU DHABI)
A subsidiary of L’IMAD Holding has entered into an agreement with 2PointZero Group to acquire its full shareholding in Abu Dhabi National Energy Company (TAQA), according to stock market disclosures.
“The transaction forms part of Two Point Zero Group’s ongoing strategic initiatives and portfolio optimisation efforts,” the disclosure said.
In a separate disclosure, TAQA said Abu Dhabi Power Corporation, an indirect and wholly owned subsidiary of L’IMAD Holding Company, completed the acquisition of 9,095,702,934 additional shares in TAQA on June 10, 2026.
As a result of the transaction, Abu Dhabi Power Corporation’s shareholding in TAQA increased by 8.09%, with L’IMAD Holding, through Abu Dhabi Power Corporation, now owning 98.12% of TAQA’s issued share capital.
The disclosures indicate that 2PointZero Group sold its 8.9% stake in TAQA to the L’IMAD subsidiary. The financial value of the transaction was not disclosed in either statement.
The transaction is subject to the terms and conditions set out in the relevant transaction documents, as well as applicable regulatory approvals and requirements, the disclosure said.