ADNOC to Divest 4% Stake in Gas Subsidiary

ADNOC To Divest 4% Stake In Gas Subsidiary, Aiming For $3 Billion
Dubai Abu Dhabi National Oil Company has announced plans to sell approximately 3.1 billion shares, equating to a 4% s
Abu Dhabi’s Adnoc Seeks $2.8 Billion in Gas Unit Stake Sale
Abu Dhabi’s state energy company is seeking to raise 10.4 billion dirhams ($2.84 billion) from a secondary offering in its gas business.
ADNOC completes $2.84bn offering of ADNOC Gas shares
Abu Dhabi National Oil Company (ADNOC) has announced the final offer price and completion of the offering to institutional investors of 3.1 billion ordinary shares in ADNOC Gas.
ADNOC Gas Raises $2.84 Billion In Landmark Share Offering
Dubai Abu Dhabi National Oil Company has successfully completed a $2.84 billion share offering in its subsidiary, ADN
Adnoc Sells $2.84 Billion of Shares in Gas Subsidiary
The move is to increase Adnoc Gas’s free float and paves the way for the subsidiary’s inclusion in share indexes.
ADNOC completes $2.84 billion offering of shares in its gas unit
United Arab Emirates energy giant Abu Dhabi National Oil Co (ADNOC) said early on Friday it completed a $2.84 billion marketed offering in its unit ADNOC Gas.
Adnoc to offer 3.1bn shares of Adnoc Gas in Marketed Offering
Abu Dhabi National Oil Company (Adnoc), the current majority shareholder of 90% of the ordinary shares in Adnoc Gas, has announced its intention to offer approximately 3.1 billion of the issued and outstanding share capital of Adnoc Gas. This represents 4% of the issued and outstanding share capital of Adnoc Gas.
ADNOC to offer approximately 3.1 billion shares of ADNOC Gas through marketed offering
Abu Dhabi National Oil Company (ADNOC) PJSC (“ADNOC”), the current majority shareholder of 90% of the ordinary shares in ADNOC Gas plc (“ADNOC Gas” or the “Company”) (ADX Symbol: ADNOCGAS / ISIN: AEE01195A234),
ADNOC completes $2.84bn offer of shares in gas subsidiary
Abu Dhabi National Oil Company (ADNOC) has completed its marketed offering of ADNOC Gas shares, raising gross proceeds of around $2.84bn (Dh10.43bn). The offering involved 3.1 billion ordinary shares,
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Abu Dhabi's ADNOC to Boost Liquidity of Gas Business
ADNOC has launched a share offering of 4% of its ADNOC Gas business to boost liquidity and the free float of its gas unit.
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Oversubscribed Adnoc Gas block ends busy week for Middle East ECM
Abu Dhabi National Oil Co’s sale of a $2.84bn block of shares in Adnoc Gas, the largest equity capital markets deal in the ...
Abu Dhabi energy company ADNOC inks $7B+ gas deal with India
The producer signed a 14-year deal with Indian Oil Corp. for up to 1.2 million tons annually to help meet growing gas demand ...