Taqa and Mubadala ink deal

Two major Abu Dhabi government-controlled ventures on Sunday signed agreements with two leading Spanish companies involving joint investment and acquisitions in the region and Europe

Taqa and Mubadala separately signed the memoranda of understanding with the two companies at a UAE-Spain business forum held in Abu Dhabi yesterday to discuss mutual investment between the private sectors.

Taqa's deal with Iberdrola, one of the largest energy firms in Europe, involves co-operation in various fields, including creation of companies, entering joint business ventures, and acquisition of other firms. Mubadala signed a deal with Indra, a leading Spanish IT company.