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September 27, 2017

Volume 17 Issue 52

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Adnoc Distribution Considers Listing

Abu Dhabi’s Adnoc Distribution, which markets finished lubricants under the Voyager brand, could offer stock worth more than 10 percent of its value by early 2018, according to unconfirmed press reports. Earlier reports suggested an initial public offering of the business – which also includes filling stations, service centers and convenience stores – could value the company at up to U.S. $14 billion.