Ras Al Khaimah's RAK Petroleum to apply to list shares in initial public offering (IPO) on Norway's Oslo Borse exchange | The National:
"RAK Petroleum said yesterday that it would apply to launch an initial public offering of its shares in Norway.
The company said it would transfer its assets, liabilities and business to a new UK company, RAK Petroleum plc, and then list the new company on the Oslo bourse.
RAK Petroleum said that in addition to the listing, it would also be raising money from a private placement to institutional investors internationally. It did not provide a timeline."
'via Blog this'
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