Exclusive-Abu Dhabi’s ADNOC weighs IPO of logistics and services unit next year- sources By Reuters – Investing.com

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UAE
  • Date: 21-Nov-2021
  • Source: Investing.com
  • Sector:Financial Markets
  • Country:UAE
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Exclusive-Abu Dhabi’s ADNOC weighs IPO of logistics and services unit next year- sources By Reuters – Investing.com

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By Hadeel Al Sayegh

DUBAI (Reuters) - State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.

ADNOC Logistics & Services (ADNOC L&S) has been selected for a potential float in Abu Dhabi in 2022, said the sources, declining to be named as the matter is not public.

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