Actis, a leading global investor in sustainable infrastructure has entered a deal to purchase a 50% stake in Emirates District Cooling Company (EMICOOL) from Dubai Investments – a diversified investment company listed on the Dubai Financial Market (DFM), at a corporate valuation of $1 billion, forming a JV to grow Emicool.
With an extensive network in multiple geographies, the JV is aimed at supporting Emicool in its vision towards becoming one of the leading providers of sustainable and efficient district cooling services in the wider MENA region.
The deal is one of largest transactions in the district cooling industry in the MENA region.
