Abu Dhabi's ADNOC hires Standard Chartered to sell waste management assets - sources | Reuters
Abu Dhabi National Oil Company (ADNOC) is considering the sale of waste management assets held by one of its units and they could fetch around $500 million, sources close to the deal said, as the state-owned firm seeks to monetise non-core assets.
The oil giant has hired Standard Chartered to test investor appetite and arrange a potential sale for some assets held by its unit ADNOC Refining, formerly known as Abu Dhabi Oil Refining Company (TAKREER), said the three sources, who declined to be named as the matter is not public.
Many potential bidders have already been approached, they said.
ADNOC and Standard Chartered declined to comment when contacted by Reuters on Thursday.
No comments:
Post a Comment