星期三, 8 10 月, 2025
Home PV News Dana Gas picks banks for IPO - IFR

Dana Gas picks banks for IPO – IFR

Reuters reported that UAE energy firm Dana Gas has picked four banks to arrange its planned listing on the London Stock Exchange.


IFR said that the company has mandated Bank of America Merrill Lynch, Citi, Deutsche Bank and JP Morgan. A timeframe for when the offering could happen was difficult to give because of the uncertain global conditions. A stable September on global markets could see an issue come in October or November.


Dana, the Gulf's only listed natural gas Company, said that in April it would seek a London listing to gain a wider investor base and boost its stock value. Dana which last week reported a tripling in Q2 profits has significant operations in the UAE, Iraq and Egypt where unrest earlier this year affected operations.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Google, Salt River Project partner on long-duration energy storage

Google will provide funding for a portion of long-duration energy storage projects developed for the Salt River Project’s electric grid, as part of a...

Egypt, China’s Sungrow Group discuss energy storage investment

Chairman of China’s Sungrow Group, Cao Renxian, outlined the company’s expertise in producing components for power plants and manufacturing energy storage batteries during his...

China targets 180 GW of new energy storage by 2027 in ambitous national plan

China aims to install more than 100 GW of new energy storage – primarily battery storage, excluding pumped hydro – by 2027, according to...

ADB, ACWA Power to Build Central Asia’s First Wind Power Plant with Battery Energy Storage

The Asian Development Bank (ADB) and ACWA Power Company (ACWA Power) signed a $51 million loan package to build the Nukus 2 Wind and...