EXCLUSIVE Abu Dhabi's ADNOC weighs IPO of logistics and services unit next year- sources | Reuters
State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.
ADNOC Logistics & Services (ADNOC L&S) has been selected for a potential float in Abu Dhabi in 2022, said the sources, declining to be named as the matter is not public.
A deal could follow after testing investor appetite and market conditions, they said.
ADNOC declined to comment when contacted by Reuters on Sunday.
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