ADES International hires EFG Hermes, Citi for IPO

Dubai_PA_230x150
By Aidan Gregory
03 Apr 2017

ADES International, the Dubai oil and gas drilling services company, is preparing an IPO on the London Stock Exchange to raise capital.

EFG Hermes is global coordinator, Citigroup bookrunner.

In its intention to float document published on Monday, ADES said it wanted to raise $170m by placing new shares with institutional investors. There is a 15% greenshoe of existing shares.

The IPO is expected to be completed in ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.