Abu Dhabi’s national oil company ADNOC is considering an initial public offering of its newly-created energy investment firm XRG on a stock market outside the United Arab Emirates, in what could be one of the world’s biggest IPOs ever, Reuters reports, citing sources with knowledge of the plans. ADNOC announced the creation of XRG at the end of last year and the company, an energy investment firm focused on low-carbon energy solutions and chemicals, begins operations this quarter.
Any potential listing of a minority share in the new…ADNOC Mulls International Listing of Its New $80-Billion Energy Firm
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