QP plans $50bn IPOs.
State-owned Qatar Petroleum (QP) plans to offer shares in four of its units in coming years, said Hussain Al Abdulla, executive board member of Qatar Holding, the investment arm of the country's sovereign wealth fund."There are four companies with QP now ready to list on Qatar Exchange," said Abdulla, who is also chairman of the exchange.
"This will be in coming years," he later told reporters. "About $50 billion total," he said, when asked about the value of the offerings. He declined to specify the names of the companies.
Copyright 2012 www.tradearabia.com
Copyright 2013 Al Hilal Publishing & Marketing Group
Provided by Syndigate.info an Albawaba.com company
 Printer friendly
 Cite/link
 Email
 Feedback
| |
| Publication: | Oil & Gas News |
|---|---|
| Date: | May 20, 2013 |
| Words: | 111 |
| Previous Article: | Mideast's 'dilemma' over oil. |
| Next Article: | EU oil price investigation puts Platts in spotlight. |