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Goldman, JPMorgan, HSBC in race for lead roles on UAE ADNOC retail unit IPO: sources

Reuters  |  ABU DHABI/DUBAI 

By Stanley Carvalho, Saeed Azhar and Hadeel Al SayeghABU DHABI/DUBAI (Reuters) - Abu Dhabi's national oil company is weighing proposals from Goldman Sachs, First Abu Dhabi Bank, HSBC and JPMorgan for lead roles in the listing of its retail unit as the emirate joins other Gulf states in privatising assets, sources familiar with the matter said.Rothschild is separately in a strong position for an advisory role in a deal that could raise $1.5 to $2 billion, sources told Reuters. The listing of Abu Dhabi National Oil Co's (ADNOC) Distribution, which manages 300 petrol stations as well as ...

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First Published: Wed, July 12 2017. 14:07 IST