ADNOC to Divest 4% Stake in Gas Subsidiary

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 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
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.
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 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 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 Closes $2.84 Billion Share Sale in Gas Unit
ADNOC has finalized a $2.84 billion share sale in its gas unit, marking the largest share placement in the Middle East and North Africa since Aramco's secondary offering and furthering ADNOC's strategic objectives for diversification and market liquidity.
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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 ...
ADNOC agrees 5-year LNG supply deal with India's BPCL, sources say
Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat ...
UAE’s Adnoc Drilling Intends to Borrow $1 Billion in Growth Push
Adnoc Drilling Co. plans to tap banks for about $1 billion in financing this year so the unit of the United Arab Emirates’ ...
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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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ADNOC Gas Delivers Record $2.84 Billion Placement
ADNOC achieved what it said is the biggest placement on the Abu Dhabi exchange, raising about $2.84 billion from issuing 3.1 billion shares in its integrated gas processing arm to institutional ...
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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 ...
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Hazza bin Zayed receives MoIAT, ADNOC delegation; reviews development initiatives in Al Ain Region
H.H. Sheikh Hazza bin Zayed Al Nahyan, Ruler's Representative in Al Ain Region, has received a delegation from the Ministry ...