JPMorgan
ABU DHABI: Abu Dhabi National Oil Co (Adnoc) is close to hiring JPMorgan Chase & Co and First Abu Dhabi Bank PJSC to help arrange the potential listing of its drilling business, according to people familiar with the matter.
Adnoc, as the company is known, is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to US$10bil (RM41bil), the people said, declining to be named because the matter is private.
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