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.
Landmark offering: Adnoc launches sale offer for 3.1 billion shares in giant gas subsidiary
Offer commenced immediately and is expected to close on 21 February, subject to acceleration of closing at Adnoc’s sole discretion, the Emirati state-owned player revealed
ADNOC, the UAE's gas company, has completed a $2.84 billion share sale.
Abu Dhabi National Oil Co. (ADNOC), the energy giant of United Arab Emirates, announced early Friday that it had completed a
Abu Dhabi state oil giant to offer 3.1bln shares of ADNOC Gas
Abu Dhabi state-backed oil giant ADNOC has announced its intent to offer approximately 3.1 billion shares of ADNOC Gas of which it is currently the majority shareholder, holding 90% of ordinary shares.
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 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,
ADNOC Gas Raises $2.84 Billion in Landmark Share Offering
DubaiAbu Dhabi National Oil Company has successfully completed a $2.84 billion share offering in its subsidiary, ADNOC Gas. The sale involved approximately 3.1 billion shares, priced at 3.40 dirhams each,
Adnoc raises $2.8bn from Adnoc Gas offering on strong institutional investor demand
Abu Dhabi's Adnoc raised about Dh10.4 billion ($2.84 billion) from the sale of 3.1 billion shares in Adnoc Gas on “exceptional” demand from Gulf and international institutional investors. The marketed offering,
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Exceptional investor demand: Adnoc raises $2.84 billion from sale of shares in giant gas subsidiary
The Emirati state giant said on Friday that it has successfully completed the "marketed offering to institutional investors ...
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ADNOC Gas boosts liquidity with $2.84bn offering on ADX
The offering increased ADNOC Gas’ free float by 80 per cent, enhancing liquidity and providing a clear pathway for MSCI and ...
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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.
Dubai eases on profit-taking, Abu Dhabi marginally down
Dubai index fell on Friday, as investors continued to encash on the profits gained in previous sessions, while Abu Dhabi closed marginally lower.
Abu Dhabi National Oil stock rises on strong earnings
Shares of Abu Dhabi National Oil Company (ADNOC) climbed 1.5% as the company reported a robust earnings performance, ...
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UAE’s ADNOC Signs Up to $9-Billion LNG Supply Deal With Indian Oil
ADNOC Gas has signed a 14-year agreement to supply up to 1.2 million tonnes per annum of LNG to Indian Oil, valued at between ...
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 ...