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 collects $2.84bn through 4% stake sale in ADNOC Gas
ADNOC is the current majority shareholder of 90 per cent of the ordinary shares in ADNOC Gas and will retain 86 per cent stake once the offer is completed.
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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GCC sees biggest ever ABB with ADNOC Gas sale: IFR
Shares have continued to rise since with annual results published earlier this month showing record net income of $5bn helping shares rise nearly 7% in February ...
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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.
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 ...