The price range was set at 2.25 dirhams ($0.6126) to 2.43
dirhams per share, the company said in a statement.
Cornerstone investors Abu Dhabi Pension Fund, Alpha Wave
Ventures II, IHC Capital Holding, OneIM Fund I, and entities
ultimately controlled by ADQ and the Emirates Investment
Authority have made a combined commitment of around $850
million, it said.
($1 = 3.6727 UAE dirham)
(Reporting by Hadeel Al Sayegh; Editing by Christian
Schmollinger)
DUBAI, Feb 23 (Reuters) - State oil giant Abu Dhabi
National Oil Co (ADNOC) said on Thursday it has set a price
range for the initial public offering (IPO) of its gas unit,
giving ADNOC Gas an equity valuation of $47 billion to $50.8
billion.
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