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ACWA to acquire ENGIE's assets in Bahrain and Kuwait

Reuters on MSN · 1d

Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets

Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE , according to a joint statement on Wednesday.

Hosted on MSN · 6h

ACWA to acquire ENGIE’s assets in Bahrain and Kuwait for $693m

Saudi Arabia-based energy company ACWA Power has signed a share purchase agreement with the regional subsidiary of French utility developer ENGIE to acquire assets located in Bahrain and Kuwait valued at $693m.

Saudi ACWA Power acquires assets in Kuwait and Bahrain for $693mln

ACWA Power will acquire ENGIE's shares in the four key operating assets. This includes an 18% stake in the Az Zour North (IWPP) in Kuwait, alongside 45% stakes in both the Al Ezzel (IPP) and Al Dur (IWPP) projects, as well as a 30% stake in the Al Hidd (IWPP) facility, all situated in Bahrain.

Bloomberg L.P. · 1d

Engie Exits Kuwait, Bahrain With $693 Million Sale to Saudi Firm

France’s Engie SA agreed to sell its power and water assets in Kuwait and Bahrain to Acwa Power Co. for $693 million.

Arabian Post on MSN · 1d

ACWA Power Secures $693 Million Deal for Kuwaiti and Bahraini Assets

Dubai Saudi Arabia’s ACWA Power has entered into a definitive agreement to acquire significant stakes in power generation and water desalination assets from French utility developer ENGIE. The transaction,

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