(Reporting by Hadeel Al Sayegh; editing by Jason Neely)
DUBAI, Feb 27 (Reuters) - Abu Dhabi National Oil Co
(ADNOC) will increase the stake in its gas business being
offered in an initial public offering to 5% from 4%, the state
oil giant said on Monday.
ADNOC made the decision "based on significant investor
demand across all tranches," it said in a statement.
As a result, the retail tranche of ADNOC Gas has been
increased from 10% to 12% of the offering.
ADNOC also raised the tranche reserved for employees and
United Arab Emirates national retirees of ADNOC Group companies
residing in the country to 4% from 2%.
The remaining 84% of the offering has been reserved for
institutional investors.
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