Goldman, HSBC Said to Help Abu Dhabi on $20 Billion Refinery - Bloomberg:
"Goldman Sachs Group Inc. and HSBC Holdings Plc are advising Abu Dhabi’s government-owned oil company on the possible sale of a stake in its $20 billion refining unit, according to people with knowledge of the matter. Abu Dhabi National Oil Co. is reviewing offers from potential partners who could buy as much as 40 percent of its refining business, said the people, who asked not to be identified because the discussions are private. A 40 percent stake could be valued at $8 billion. An Adnoc media official declined to comment on the sale but said the company had received significant interest in its effort to attract partners across its businesses. Goldman Sachs and HSBC declined to comment."
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