Abu Dhabi's ADNOC Distribution fuel firm IPO raises $851mln | ZAWYA MENA Edition:
"The fuel distribution unit of Abu Dhabi National Oil Company priced its initial public offering (IPO) at the mid-point of a revised indicative range, valuing the deal at 3.1 billion dirhams ($851 million), the company said on Friday. ADNOC Distribution IPO priced each share at 2.50 dirhams, it said in a statement, compared with a revised indicative range of 2.35-2.65 dirhams set last week. urn:newsml:reuters.com:*:nL3N1O62W7 The company sold 1.25 billion shares, or 10 percent of its share capital. The stock will be listed and traded on the Abu Dhabi Securities Exchange (ADX) on Dec. 13. Based on the offer price, the market capitalisation will be 31.3 billion dirhams. "
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