Abu Dhabi’s Taqa Buys British Electricity Transmission Firm
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Abu Dhabi’s main power utility agreed to buy the UK’s Transmission Investment, one of the largest operators of assets connecting wind farms at sea to the British electricity grid.
The acquisition by Abu Dhabi National Energy Company PJSC, also known as Taqa, highlights its plans to expand in Europe. The company has also revived interest in picking up a stake in the Spanish utility Naturgy Energy Group SA, and reached out to the company’s largest shareholder for a deal, according to people familiar with the matter.