Emicool considers IPO listing by end of 2011

29 September 2010

Dubai-based Emirates District Cooling, a joint venture between M’Sharie, a subsidiary of Dubai Investments, and Union Properties, has said it may offer shares in an initial public offering by the end of 2011, Bloomberg has reported. The company plans to list shares on the Dubai Financial Market, managing director Adib Moubadder said at the MEED Middle East District Cooling Conference in Abu Dhabi.

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