Nov 22 (Reuters) - United Arab Emirates energy giant Abu
Dhabi National Oil Co. (ADNOC) is considering selling 3-5% of
Adnoc Gas, Bloomberg News reported on Friday,
citing people familiar with the matter.
The deal, which could be worth billions of dollars, is
expected to be announced in the coming days, according to the
Bloomberg report.
No final decisions have been made on the size or timing,
and the company could decide against an offer if market
conditions are not favorable, Bloomberg reported.
ADNOC and Adnoc Gas did not immediately respond to
Reuters' requests for comment.
ADNOC
raised $935 million
in May by selling a 5.5% stake in its drilling unit to
institutional investors.
(Reporting by Pretish M J in Bengaluru; Editing by Anil
D'Silva)