UAE energy giant Abu Dhabi National Oil Co. (ADNOC) is reportedly considering selling a minority stake – 3-5 percent – of Adnoc Gas.
The deal, which could be worth billions of dollars, is expected to be announced in the coming days, wire services Reuters and Bloomberg reported.
ADNOC to sell minority stake
No final decisions have been made on the size or timing, and the company could decide against an offer if market conditions are not favorable, the reports said, citing unnamed sources.
Reuters said ADNOC and Adnoc Gas did not immediately respond to its requests for comment.
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