UAE Acquires Singapore Energy Firm
ABU DHABI [MENL] -- The United Arab Emirates has acquired an energy firm in
The UAE state-owned Mubadala Development Co. reported the acquisition of
Singapore's Pearl Energy. Mubadala, based in Abu Dhabi, said it bought Pearl
for an undisclosed sum from the UAE's Aabar Energy. An Aabar executive said
the value of the transaction was $833 million.