Adnoc Reportedly Evaluates List of Banks for Financial Advisory Work
Abu Dhabi National Oil Co., d/b/a Adnoc, called for pitches from about 10 investment banks for potential financial advisory work, Bloomberg News reported Friday, citing people familiar with the matter. The roles are currently held by Moelis & Co. and PJT Partners. However, the banks could still retain their positions depending on the evaluation, which is reportedly held periodically by the state-owned oil producer. Adnoc did not immediately respond to a request for comment.
Abu Dhabi National Oil Co., d/b/a Adnoc, called for pitches from about 10 investment banks for potential financial advisory work, Bloomberg News reported Friday, citing people familiar with the matter.
The roles are currently held by Moelis & Co. and PJT Partners.
However, the banks could still retain their positions depending on the evaluation, which is reportedly held periodically by the state-owned oil producer.
Adnoc did not immediately respond to a request for comment.