ADNOC considering IPO of its fuel retail business in early 2018
Abu Dhabi National Company may list more than 10% of its fuel retail business Adnoc Distribution by early 2018, and one or two more businesses later. Adnoc is expanding its partnership model and creating investment opportunities across its value chain, is considering the potential IPO of minority stakes of some of its services businesses. In July Adnoc said that it plans to do its retail unit IPO, which would give it a value of USD14bn.
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