Tuesday 4 August 2015
 
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Taqa

ME lenders struggle with falling loan pricing

The reluctance of local lenders to join the $3 billion loan for Abu Dhabi National Energy Company (Taqa), which is in general syndication, is highlighting how previously liquid local Middle East banks are being priced out of the market as low oi

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Abu Dhabi's Taqa denies holding merger talks

Abu Dhabi National Energy Company (Taqa) said on Thursday that it was not holding merger talks. The company "confirms that it is not engaged in merger discussions with any government or other entity", it said in a brief

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Abu Dhabi's Taqa denies holding merger talks

Abu Dhabi National Energy Company (Taqa) said on Thursday that it was not holding merger talks. The company "confirms that it is not engaged in merger discussions with any government or other entity", it said in a brief

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Abu Dhabi mulls merger to rescue troubled Taqa

Abu Dhabi may merge its national energy company Taqa into another state-owned business to make the company's crippling debts more manageable. Founded in 2005 and the only listed quasi-sovereign company in the emirate, Abu Dhabi Nati

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Abu Dhabi mulls merger to rescue troubled Taqa

Abu Dhabi may merge its national energy company Taqa into another state-owned business to make the company's crippling debts more manageable. Founded in 2005 and the only listed quasi-sovereign company in the emirate, Abu Dhabi Nati

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Abu Dhabi's Taqa marketing $3bn loan to banks

Abu Dhabi National Energy Company (Taqa) is marketing a $3 billion, five-year loan to banks after receiving initial commitments from eight local and international banks, sources aware of the matter said on Thursday. The loan amoun

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Taqa to raise $3.5bn five-year loan

Abu Dhabi National Energy Co (Taqa) is looking to raise a $3.5 billion loan as it seeks to consolidate a number of existing debts into one facility with a lower rate of interest, three sources aware of the matter told Reuters on Thursday.

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Taqa Q1 profit falls 6.6pc on low oil prices

Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, said that first-quarter (Q1) net profit dropped 6.6 per cent from a year earlier to Dh256 million ($69.8 million) because of low oil prices. &nb

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Taqa appoints acting CFO

Abu Dhabi National Energy Co (Taqa) has appointed Grant Gillon as acting chief financial officer following his predecessor's retirement, the company said on Thursday. Gillon will replace outgoing CFO Ryan Wong from May 1, the

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Saudi Taqa launches JV with Norway’s Archer

Saudi Arabia's Industrialization & Energy Services Co (Taqa) has signed an agreement with a subsidiary of Norway's Archer to set up an oil and gas joint venture in Saudi Arabia, Taqa said on Wednesday. Archer is the oi

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