{"id":637355,"date":"2017-11-14T04:08:32","date_gmt":"2017-11-14T04:08:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/adnoc-to-sell-at-least-10-stake-in-fuel-stations-unit-in-december-adx-ipo\/"},"modified":"2017-11-14T04:08:32","modified_gmt":"2017-11-14T04:08:32","slug":"adnoc-to-sell-at-least-10-stake-in-fuel-stations-unit-in-december-adx-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/adnoc-to-sell-at-least-10-stake-in-fuel-stations-unit-in-december-adx-ipo\/","title":{"rendered":"ADNOC to sell at least 10% stake in fuel stations unit in December ADX IPO"},"content":{"rendered":"<p><strong>IPO WATCH- <\/strong>Abu Dhabi\u2019s ADNOC took a step toward <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-10-19\/abu-dhabi-s-adnoc-is-said-to-plan-ipo-of-gas-stations-this-year\">its previously hinted sale<\/a> of least 10% of its fuel stations unit in a December IPO in the Abu Dhabi Stock Exchange, ADNOC CEO Sultan Ahmed Al Jaber said on Monday in <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-11-13\/abu-dhabi-state-oil-producer-to-sell-at-least-10-of-unit-in-ipo\">an interview with Bloomberg<\/a>. The move would make it among the first major state-owned energy IPOs in the region, beating out the planned listing of Saudi Aramco which may take place next year. ADNOC is seeking a valuation of between USD 10-14 bn. <strong>EFG Hermes reportedly joins Goldman Sachs and Morgan Stanley as joint bookrunners for the offering<\/strong>, while Citigroup, First Abu Dhabi Bank, HSBC and Merrill Lynch International will be coordinating the IPO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- Abu Dhabi\u2019s ADNOC took a step toward its previously hinted sale of least 10% of its fuel stations unit in a December IPO in the Abu Dhabi Stock Exchange, ADNOC CEO Sultan Ahmed Al Jaber said on Monday in an interview with Bloomberg. The move would make it among the first major state-owned [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637355","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ff1a86a7-7805-45b4-abae-49ef52e59746","order":"0","is_powered_by":true,"section_story_id":"43f098f7-e358-4eb8-8783-f5f0d4b8a8cd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637338],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ADNOC to sell at least 10% stake in fuel stations unit in December ADX IPO - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/adnoc-to-sell-at-least-10-stake-in-fuel-stations-unit-in-december-adx-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADNOC to sell at least 10% stake in fuel stations unit in December ADX IPO\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Abu Dhabi\u2019s ADNOC took a step toward its previously hinted sale of least 10% of its fuel stations unit in a December IPO in the Abu Dhabi Stock Exchange, ADNOC CEO Sultan Ahmed Al Jaber said on Monday in an interview with Bloomberg. 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ADNOC is expected to tap investment banks for the listing as early as this week. Sources tell Bloomberg, however, that the IPO\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637632,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/21\/adnoc-to-ipo-as-much-as-20-of-fuel-distribution-unit-in-december\/","url_meta":{"origin":637355,"position":1},"title":"ADNOC to IPO as much as 20% of fuel distribution unit in December","author":"enterpriseam admin","date":"21 November 2017","format":false,"excerpt":"IPO WATCH- Abu Dhabi National Oil Company (ADNOC) plans to IPO as much as 20% of its fuel-distribution unit ADNOC for Distribution in the Abu Dhabi Stock Exchange on 13 December, Bloomberg reports. The pricing range for the book-build will be announced on 26 November. ADNOC is looking for a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639087,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/adnoc-to-list-shares-on-adx-efg-hermes-involved\/","url_meta":{"origin":637355,"position":2},"title":"ADNOC to list shares on ADX, EFG Hermes involved","author":"enterpriseam admin","date":"22 October 2017","format":false,"excerpt":"IPO WATCH- EFG Hermes gets a piece of ADNOC\u2019s ADX IPO: Abu Dhabi National Oil Company (ADNOC) is planning to issue shares in its gas stations unit this year on the Abu Dhabi Stock Exchange, Bloomberg reports. Sources said that \u201cGoldman Sachs Group Inc., Morgan Stanley and EFG-Hermes are helping\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582000,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/28\/adnoc-ups-gas-unit-ipo-on-heavy-investor-demand\/","url_meta":{"origin":637355,"position":3},"title":"Adnoc ups gas unit IPO on heavy investor demand","author":"enterpriseam admin","date":"28 February 2023","format":false,"excerpt":"Abu Dhabi IPO WATCH: Adnoc\u2019s natural gas arm will now offer close to a 5% stake in its IPO in Abu Dhabi after it covered its orderbook within hours last week. The Emirati energy company originally planned to sell 4% of its shares but is now on course to raise\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Adnoc-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584859,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/06\/another-big-ipo-in-the-pipeline-for-uaes-adnoc\/","url_meta":{"origin":637355,"position":4},"title":"Another big IPO in the pipeline for UAE\u2019s Adnoc","author":"enterpriseam admin","date":"6 April 2023","format":false,"excerpt":"The company could go to market as soon as May","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/287.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578077,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/adnoc-appoints-banks-to-take-lead-on-ipo-of-gas-business-says-bloomberg\/","url_meta":{"origin":637355,"position":5},"title":"Adnoc appoints banks to take lead on IPO of gas business, says Bloomberg","author":"enterpriseam admin","date":"14 December 2022","format":false,"excerpt":"Adnoc is moving ahead with its big IPO plans for gas unit: The Abu Dhabi National Oil Company (Adnoc) has tapped several banks to lead a planned IPO for its gas unit next year, Bloomberg reported, citing people in the know. 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