GDF Suez, Veolia Said Bidding for $300 Million Mubadala Unit

Mubadala Development Co., owned by the government of Abu Dhabi, received bids from GDF Suez and a unit of Veolia Environnement SA (VIE) to buy cooling operations in the emirate, according to two people familiar with the matter.

The sale is worth about $300 million and Bank of America Merrill Lynch is advising Mubadala on the disposal, the people said, asking not to be identified as the information isn’t public. Veolia is bidding through its Dalkia unit, they said.

http://www.bloomberg.com/news/2014-02-20/gdf-suez-veolia-said-bidding-for-300-million-mubadala-business.html