Abu Dhabi’s Adnoc Seeks About $1 Billion in Logistics Unit IPO
- Move comes after Adnoc raised $2.5 billion from gas unit float
- Abu Dhabi has strong pipeline of listings amid global IPO lull
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Abu Dhabi’s main energy company is seeking to raise about $1 billion from the initial public offering of its shipping and logistics unit, according to people familiar with the matter.