ADNOC reported to be in early talks with investors ahead of drilling unit IPO
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
Banks working on ADNOC Drilling are scheduling calls with a local, regional and international institutional investors to sound out appetite for the potential sale, said the sources, declining to be named as the matter is not public.
The meetings are described as an early look engagement, one of the sources said, where the company that is set for a public share-sale is introduced and feedback is sourced from investors.
ADNOC declined to comment when contacted by Reuters.
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