Adnoc appoints advisor for drilling unit IPO – MEED
- Date: 08-Jul-2021
- Source: MEED
- Sector:Financial Markets
- Country:UAE
Adnoc appoints advisor for drilling unit IPO – MEED
The Abu Dhabi energy major is considering a potential stock listing of its subsidiary Adnoc Drilling
Abu Dhabi National Oil Company (Adnoc) has appointed Goldman Sachs to a lead role on a potential initial public offering (IPO) of its drilling business.
Goldman Sachs will work on Adnoc Drilling's public share-sale as global coordinator, joining a large syndicate of advisors on the deal, according to a report by Reuters.