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Abu Dhabi Future Energy Company PJSC, known as Masdar, has completed the acquisition of 70% of the outstanding shares in TERNA ENERGY SA from GEK TERNA SA and other shareholders. The acquisition, priced at 20 euros per share, values TERNA ENERGY SA at an enterprise value of 3.2 billion euros. Masdar, in which Abu Dhabi National Energy Company PJSC (TAQA) holds a 43% share, has obtained all necessary regulatory approvals. Following the transaction, Masdar plans to seek further regulatory approvals for a mandatory tender offer to acquire the remaining shares of TERNA ENERGY SA. TERNA ENERGY SA currently has an operating capacity of 1.2 gigawatts and aims to expand to 6 gigawatts by 2029.
Ooredoo Q.P.S.C. announced that its wholly-owned subsidiary, Ooredoo International Finance Limited, will pay interest to holders of its Global Medium Term Notes on December 23, 2024. The notes, valued at $500 million with an interest rate of 3.75%, are due on June 22, 2026. The interest payment amounts to $9,375,000. Ooredoo is a leading communications company in Qatar, offering mobile, fixed, broadband internet, and corporate managed services, with a focus on enriching people's lives and fostering growth through communication.
The text is a communication from the CEO of ESG Emirates Stallions Group PrJSC, Kayed Ali Khorma, addressed to the Disclosure and Compliance Section of the Abu Dhabi Securities Exchange. Dated November 28, 2024, it discusses the recent rise in the company's share price on November 26 and 27, 2024. The increase is attributed to market supply and demand dynamics, and the Group states that it has no undisclosed material information. The Group reaffirms its commitment to disclosure processes.
The Board of Directors of Waha Capital PJSC held a meeting on November 28, 2024, in Abu Dhabi at 10:00 a.m. During the meeting, the Board discussed general business matters related to the company's activities. The notification was issued by the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange and was also copied to the Securities and Commodities Authority.
The Invictus Investment Company PLC Board of Directors will hold a virtual meeting on Thursday, December 5, 2024, at 3:00 PM UAE time. The meeting will focus on reviewing and approving funding sources for the acquisition of a majority shareholding in an African food manufacturing business, a transaction approved by the board in August 2024. Additionally, the board will discuss other general business matters that are not expected to impact the company's share price.
The Abu Dhabi Securities Exchange has been informed by the company's General Manager, Saeed Ahmed Ghareib Alseridi, that the Board of Directors has decided to terminate the services of their financial advisor, Ernst & Young, effective November 29, 2024. This decision was made due to business reasons. A copy of this communication has been sent to the Securities and Commodities Authority (SCA).