Deals
Abu Dhabi Royal’s Firm Said to Seek Buyers for Cooling Unit
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Abu Dhabi-based Multiply Group PJSC is considering selling its district cooling division, as it looks to capitalize on the construction boom in the United Arab Emirates.
The investment firm is working with Standard Chartered Plc on the sale of PAL Cooling Holding, according to people familiar with the matter. The owners are seeking about $1 billion for the unit, the people said, asking not to be named as the information is private.