Business & Finance

Reuters exclusively reports $1 billion IPO plan for ADNOC-OCI fertilizer JV

Reuters exclusively reported that Abu Dhabi National Oil Company (ADNOC) and chemical producer OCI N.V., which is backed by Egyptian businessman Nassef Sawiris, are weighing an initial public offering of their fertilizer joint venture Fertiglobe. According to Reuters sources, the deal could be at least $1 billion, and the listing could be next in line after ADNOC completes the IPO of its drilling business.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Middle East
Countries: UAE
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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