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Abu Dhabi Power to Complete Taqa Squeeze-out After Legal Challenge Period Expires

MT Newswires·08/13/2026 00:47:10
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12:47 AM EDT, 08/13/2026 (MT Newswires) -- Abu Dhabi National Energy (ADX:TAQA), d/b/a Taqa, said Wednesday its majority shareholder, Abu Dhabi Power Corp., will pursue a compulsory acquisition of the utility company's shares after a 60-day legal challenge period expired. Abu Dhabi Power, which owns 98.12% of Taqa, will take ownership of the remaining shares on Thursday. The Abu Dhabi Securities Exchange plans to distribute the consideration to relevant shareholders on Aug. 18.