Abu Dhabi, OCI Said to Pick Banks for IPO of Fertilizer Venture
- Morgan Stanley, Citigroup, HSBC, FAB chosen for Fertiglobe IPO
- Fertiglobe may list in Abu Dhabi bourse as early as this year
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Abu Dhabi National Oil Co. and chemical producer OCI NV have hired banks for a potential listing of their fertilizer joint venture, in what could be one of the largest offerings in the United Arab Emirates in recent years, people familiar with the matter said.
Morgan Stanley, Citigroup Inc, HSBC Holdings Plc and First Abu Dhabi Bank PJSC have been appointed as advisers for Fertiglobe’s offering in Abu Dhabi, the people said, asking not to be identified as the matter is private. The company could be valued at about $7 billion including debt in the listing, which is set to take place as early as this year, the people said.