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Abu Dhabi's ADNOC looks to raise up to $607m from IPO of logistics unit

DUBAI: State oil giant Abu Dhabi National Oil Co. said on Tuesday it has set a price range for an initial public offering of its marine and logistics unit that could raise up to $607 million and could give ADNOC Logistics & Services an equity valuation of as much as $4.05 billion. The price range for the unit was set at 1.99 dirhams ($0.5420) to 2.01 dirhams per share, the ....

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