DUBAI: Abu Dhabi National Energy Co (TAQA) will book a gain of $40 million from the sale of a stake in a Dutch natural gas pipeline to a Danish pension fund, it said on Tuesday.
TAQA sold its 40-percent stake in Noordgastransport B.V. (NGT) to pension fund PensionDanmark A/S earlier this week for $240 million, saying the investment no longer meets its growth strategy in the country.
The gain will be booked in TAQA's full-year results, it said in the bourse statement. (Reuters)
