Abu Dhabi's ADIC and U.S. partner weigh sale of stake in OiLSERV - sources | Reuters
State-backed Abu Dhabi Investment Council (ADIC) and U.S. private equity firm Lime Rock Partners are weighing the sale of their stake in Dubai-based oilfield services firm OiLSERV, two sources familiar with the matter told Reuters.
ADIC, owned by state investor Mubadala Investment Company, and Lime Rock Partners are exploring options for their investment, said the sources, declining to be named as the matter is not public.
Discussions are at very early stages, and the parties are considering a sale or initial public offering (IPO), they said.
OiLSERV and Lime Rock Partners did not immediately respond to requests for comment. Mubadala declined to comment.
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