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Abu Dhabi’s Adnoc seeking up to $2bn with unit IPO

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Abu Dhabi’s Adnoc seeking up to $2bn with unit IPO

*Shares are priced at 2.35 dirhams-to-2.95 dirhams range *Adnoc is seeking new sources of cash amid low oil prices 25 November 2017, Dubai — Abu Dhabi National Oil Co. may raise as much as $2 billion from an initial public offering of its fuel-retailing unit, according to people with knowledge of the matter, as another large …

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Abu Dhabi’s Adnoc seeking up to $2bn with unit IPO Abu Dhabi’s Adnoc seeking up to $2bn with unit IPO Reviewed by Crude Oil Facilitators on 08:24 Rating: 5

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