Adnoc Distribution sets good start for MidEast privatisation

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Adnoc Distribution sets good start for MidEast privatisation

PA-Abu Dhabi
A view of the evening illuminated skyline of Abu Dhabi, United Arab Emirates, 30 October 2012. Photo: Jens Buettner | Jens Büttner/DPA/PA Images

Abu Dhabi National Oil Co’s $850m flotation of its petrol station chain Adnoc Distribution has been greeted warmly by the market, setting a good precedent for an expected wave of privatisations in the Middle East. Sam Kerr reports.

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