News
11 December 2017

ADNOC prices fuel distribution IPO

In:
Oil & gas
Region:
Middle East & Africa

Abu Dhabi National Oil Company (Adnoc) has priced the initial public offering for its fuel distribution unit at Dh2.5, which is at the lower end offer price and values the 10% of stock at Dh3.1 billion ($843 million). Citigroup, First Abu Dhabi Bank, HSBC Bank and Merrill Lynch International are...

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