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Deals Rumor Mill: Abu Dhabi National Oil, Recordati, Abraaj

By Adam Rhodes (June 5, 2018, 6:10 PM EDT) -- State-owned Abu Dhabi National Oil Co. is mulling the sale of an additional 10 percent stake in its fuel distribution unit, Reuters reported Tuesday. Citing a trio of anonymous sources, the outlet reported that talks about a possible sale of the stake in ADNOC Distribution, which went public last year, were part of recent discussions with investors. According to the report, ADNOC listed 10 percent of the business last year, and the company wants to list at least 15 percent of the company total as part of its goal to join the MSCI Emerging Markets Index. The report notes that no advisers have been hired for a sale yet....

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