Energy
Ex-Banker Leading Adnoc’s M&A Push Says Deal Spree Will Continue
- Chief Investment Officer Klaus Froehlich speaks in interview
- UAE firm announced deals for two gas projects this month
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Abu Dhabi National Oil Co., the state oil giant that underpins the United Arab Emirates’s booming economy, has become one of the energy industry’s busiest dealmakers as it looks to go global.
But in recent months stalled deals prompted speculation that Adnoc had lost momentum. Not so, says Klaus Froehlich, the former Morgan Stanley banker spearheading most of Adnoc’s international expansion plans.