ADNOC has launched talks to launch its drilling unit after remote meetings with potential investors, according to exporters.
According to Arabs, exporters added that banks involved in operations on ADNOC to dig calls with local, regional and corporate investors to express the desire for potential selling. The sources refused to mention their name for being non-declared.
One exporter explained that the meetings were described as continuing to take an early look. The company, which is scheduled for sale is made for public and get comments from investors,
ADNOC, which supplies nearly 3% of global demand for oil, declined to comment when Reuters continued today.
Last week, two sources said ADNOC had called for investment banks to compete on the roles of the initial public offering books for its drilling unit.
The explained that the giant oil company called for a number of foreign and domestic banks to participate in the process, scheduled for this month.
He added that ADNOC plans to put up the unity for public subscription during the third quarter.
One of the sources had previously said that ADNOC had gathered at least $ 1 billion from the sale of shares.
