UAE’s ADNOC is considering selling 3 to 5% shares in ADNOC Gas unit, and raising more than $3 billion in a bid to improve ADNOC Gas’ value by a wider shareholder base and entering broader market indexes.
This move aligns with ADNOC's broader strategy to modernize and scale its operations while maintaining a strong presence in the global energy landscape.
The note delves into the following key aspects:
- ADNOC motives behind the stake sale
- Allocation of the funds from the sale
- ADNOC’s targeted investors
This note also sheds light on the possibility of ADNOC abandoning the sale due to key factors.
