ADES International hires EFG Hermes, Citi for IPO

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 ...

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