MENA Infrastructure Fund acquires 32.8% of UPC

Competitive auction process results in successful infrastructure fund investment Establishes MENA Infrastructure Fund as a leading infrastructure investor in the region MENA Infrastructure Fund, the infrastructure equity fund sponsored by is listed on the Muscat Securities Market, with 40% of its equity capital being publicly traded. MENA Infrastructure Fund has acquired 32.8% of the founders' shareholding in the company from GDF Suez, the French energy giant in a competitive auction process. The sale was a requirement by the Omani electricity regulator for GDF Suez to divest its shareholding in UPCUPC. Following the transaction, MENA Infrastructure Fund becomes the largest shareholder in owns and operates a 270 megawatt power station in Oman, the first independent power project to be developed in the Middle East with private... [read full story]                    

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