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United Arab Emirates’ national energy company to sell 4% stake in natural-gas business via an IPO

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The Abu Dhabi National Oil Co., or Adnoc , will sell more than 3 billion shares in Adnoc Gas, one of the world’s largest gas-processing entities, on the Abu...

DUBAI—The United Arab Emirates’ national energy company plans to sell a stake of about 4% of its natural-gas business in an initial public offering that it hopes will raise $2 billion, as Middle East petrostates increase plans to supply Europe.

Adnoc... DUBAI—The United Arab Emirates’ national energy company plans to sell a stake of about 4% of its natural-gas business in an initial public offering that it hopes will raise $2 billion, as Middle East petrostates increase plans to supply Europe.

 

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