ADNOC prepares sale of stake in infrastructure assets- sources | ZAWYA MENA Edition:
State-owned Abu Dhabi National Oil Co (ADNOC) is looking to sell a stake in its multibillion-dollar pipeline infrastructure assets, three financial sources said.
ADNOC has embarked on a major transformation drive in the past two years to make it more competitive and commercially focused like other state-owned peers, selling and listing stakes in parts of its business.
A spokesman for ADNOC said the company was exploring a number of "potential innovative transaction opportunities" to improve its asset base and capital structure.
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