News Formal

ADNOC to float 4% of its gas business in IPO - statement

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

ADNOC will sell 4% of it gas business in an initial public offering (IPO), according to a newspaper notice and an emailed statement on Friday.

ADNOC Gas's offering is set to be open from Feb. 23 to March 2 for institutional investors, while retail investors can subscribe until March 1, according to the notice in the National newspaper and the statement.

ADNOC holds a 95% stake in ADNOC Gas, and prior to the offering, it transferred 5% of the share capital of ADNOC GAS to Abu Dhabi National Energy Company.Should the deal go through, ADNOC Gas expects to target payments of dividends of $1.625 billion in the fourth quarter of this year for the first half of 2023, according to a ADNOC Gas intention to float document emailed on Friday.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 2. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Report: Two classic S.F. companies want to go publicHow much will karma points count for on the public market? Reddit might find out. The company is looking into an IPO this year.
Источник: sfexaminer - 🏆 236. / 63 Прочитайте больше »

After IPO, Bausch + Lomb turns to an industry favorite to run the companyBausch + Lomb’s decision to bring back Brent Saunders as CEO hints at the company's broader ambitions in the global eye-care market.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

IPO drought will continue, market ‘too risky’Initial public offerings (IPO) were down in 2022 amid inflationary pressures and economic downturn, and experts don’t predict the market to improve in 2023.
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »