Abu Dhabi Seeks About $1 Billion in Adnoc Logistics & Services IPO - Bloomberg
Abu Dhabi’s main energy company is seeking to raise about $1 billion from the initial public offering of its shipping and logistics unit, according to people familiar with the matter.
Abu Dhabi National Oil Co., which listed its gas business last month, has added banks EFG Hermes, Credit Agricole SA, Societe Generale SA, Arqaam Capital Ltd., Abu Dhabi Commercial Bank PJSC and International Securities as joint bookrunners on the potential IPO of Adnoc Logistics & Services, the people said, asking not to be identified as the information isn’t public.
HSBC Holdings Plc has been added as a joint global coordinator alongside Citigroup Inc., First Abu Dhabi Bank PJSC and JPMorgan Chase & Co, they added.
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