Abu Dhabi National Oil Co. plans to sell 7.5% of its ADNOC Drilling, which will be the UAE energy company’s second initial public offering as it seeks to monetize assets and spend on growth projects. ADNOC will sell shares in ADNOC Drilling on the Abu Dhabi Securities Exchange and will retain the right to increase …

The post ADNOC to sell 7.5% of drilling unit, its second ever IPO, as it seeks to monetize assets first appeared on Hellenic Shipping News Worldwide. Source