MEGA DEAL: Abu Dhabi’s merger focus remains just as sharp… and it’s in no mood to take a breather. After effecting a mega deal between Taqa and ADPower, the utility powerhouses, the emirate is turning its attention to bringing together two energy services behemoths. Again, there would be significant synergies, cost savings, efficiencies – take your pick – from National Petroleum Construction Company coming together with National Marine Dredging Company. Clearly, Abu Dhabi after bringing about consolidation within its banking sector in recent years is turning to multiple possibilities in the energy space. And there is no better time than the present… [COMMENT BY: Manoj Nair, Business Editor]
TAQA