UAE's Brooge Petroleum plans to float 40 percent stake in London IPO | Reuters:
The United Arab Emirates’ Brooge Petroleum & Gas Investment Co. plans to float 40 percent of its capital on the London Stock Exchange in October, Chief Executive Officer Nicolaas Paardenkooper said on Sunday.
Brooge Petroleum & Gas Investment (BPGIC) is looking to raise $400 million from Emirati and foreign investors in the IPO, to be conducted in a single tranche, Paardenkooper told Reuters on the sidelines of a company event in Dubai.
The company has already secured strategic investors and plans a roadshow next week in the United States and Europe, he said.
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