Dana Gas to pursue demerger feasibility study

Dana Gas to pursue demerger feasibility study

Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, today announced its intention to pursue a feasibility study studying a potential demerger of its upstream business into a new company, which, as part of the demerger, will also be listed on the Abu Dhabi Stock Exchange (ADX).. The upstream business and the midstream business have quite distinct investment prospects, and the Dana Gas Board believe that there are a number of advantages to be realised by shareholders from structuring these as separate listed businesses, which is the reason the company is pursuing a feasibility study on the potential demerger.. The demerger would provide the option to shareholders to remain invested in either or both companies at their discretion, each company having its own business strategy and opportunities.".