Oil Giant ADNOC Pursues $50 Billion Worth Of New Deals ...Middle East

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Oil Giant ADNOC Pursues $50 Billion Worth Of New Deals
source : OILPRICE ( Middle East ) () 37
Abu Dhabi National Oil Company (ADNOC) is pursuing $50 billion worth of deals to expand on international markets and has hired a top team of deal-makers to help with the plan, the Financial Times reported on Wednesday, quoting sources familiar with the company’s structure. ADNOC has assembled a team of around 50 specialists in deal-making in a division described as an “internal investment bank” and run by former senior Morgan Stanley executive Klaus Froehlich, according to FT’s sources. ADNOC has already started acquisitions…

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