據彭博社5月10日報道，位于阿布扎比的能源公司Adnoc將在首次公開募股中出售其物流和海運部門15%的股份，從而開啟其業務今年的第二次上市。

阿布扎比國家石油公司(Abu Dhabi National Oil Co.)周三在一份聲明中表示，將發行約11.1億股Adnoc物流服務公司股份。該公司將于5月16日宣布價格區間，并開始接受投資者報價，最終定價定于5月25日，該股預計將于6月1日開始交易。

幾個月前，國有的Adnoc在其天然氣業務上市中籌集了25億美元，這是今年迄今為止全球第二大IPO。在過去兩年中，該公司還出售了其他一些投資組合業務的股份，包括其鉆井部門、化學品公司Borouge和化肥公司Fertiglobe的股份。

在這些股票發行之際，波斯灣地區出現了一股上市熱潮。在全球經濟低迷的背景下，該地區仍是一個相對繁忙的市場。盡管如此，油價已經從去年地緣政治沖突后達到的高點回落。對美國經濟衰退和銀行倒閉的擔憂，最近給這種大宗商品帶來了壓力，也對海灣地區股市產生了強烈影響。

彭博匯編數據顯示，到目前為止，2023年通過在中東上市的公司籌集了約35億美元，其中大部分在阿布扎比。與去年同期的114億美元相比，這一數字大幅下降，因為沙特阿拉伯等市場一直保持平靜，迪拜也沒有進行任何私有化舉措。

業務增長方面

Adnoc執行董事Musabbeh al Kaabi周三在彭博電視臺表示，“現在是創造價值和實現增長的時候了。此次IPO肯定是面向國內外投資者的，我們對市場非常有信心”。

Adnoc物流服務公司計劃在2023年支付2.6億美元的年度現金股息，并預計每年至少增加5%。該公司一直在擴大其規模，以應對國有企業業務日益增長的需求，其中期資本支出目標為40億至50億美元。

作為Adnoc加強海上石油、天然氣和風能業務努力的一部分，該公司于7月收購了私人擁有的ZMI控股公司，并將其并入其物流部門。包括ZMI在內，Adnoc物流服務公司2022年的未經調整前收入為22.9億美元，調整后的收益略低于6億美元。

該公司表示，截至2022年12月31日，Adnoc集團公司占總銷售額的近四分之三。該公司最近與Adnoc離岸公司簽署了一份為期五年的合同，提供包括港口服務和倉庫運營在內的綜合物流服務。

花旗集團(Citigroup Inc .)、阿布扎比第一銀行(First Abu Dhabi Bank PJSC)、匯豐控股(HSBC Holdings Plc)和摩根大通(JPMorgan Chase & Co.)被任命為聯合全球協調人和聯席經銷商。阿布扎比商業銀行(Abu Dhabi Commercial Bank PJSC)、Arqaam Capital Limited、法國農業信貸銀行(Credit Agricole SA)、EFG-Hermes、國際證券(International Securities)和法國興業銀行(Societe Generale SA)是此次發行的聯合主承銷銀行。

王佳晶 摘譯自 彭博社

原文如下：

Adnoc Launches IPO for 15-Percent Stake in Logistics Unit

Abu Dhabi’s main energy company will sell a 15% stake in its logistics and shipping unit in an initial public offering, kicking off the second listing of one of its businesses this year.

Abu Dhabi National Oil Co. will offer about 1.11 billion shares in Adnoc Logistics & Services, it said in a statement on Wednesday. The company will announce the price range and start taking investor orders on May 16, with final pricing slated for May 25. Shares are expected to begin trading June 1.

The sale comes months after state-owned Adnoc raised $2.5 billion in the listing of its gas business, which is the world’s second-biggest IPO of the year so far. The company has also sold stakes in some other portfolio businesses over the past two years — including in its drilling unit, chemicals firm Borouge and fertilizer company Fertiglobe.

Those share sales came amid a rush of listings in the Persian Gulf, which has remained a relatively busy market amid a global slump. Still, oil prices have come off their highs reached last year in the wake of the war. Fears of a recession and bank failures in the US have recently put pressure on the commodity, which strongly influences Gulf stock markets.

about $3.5 billion has been raised so far in 2023 through listings in the Middle East — the bulk of it in Abu Dhabi, data compiled by Bloomberg show. That’s down sharply from the $11.4 billion fetched by this time last year, as markets like Saudi Arabia have remained quiet and there haven’t been any privatizations in Dubai, which helped boost volumes in 2022.

Growth

“It’s a time for creating value and enabling growth,” Musabbeh al Kaabi, executive director at Adnoc, said on Bloomberg Television Wednesday. “The IPO is definitely for local and international investors. We’re very confident about this market here and the region.”

Adnoc Logistics plans to pay an annualized 2023 cash dividend of $260 million and expects to increase this by at least 5% annually. The firm, which has been expanding its fleet to cope with increased demand from the state-owned firm’s businesses, is targeting capital expenditure $4 billion to $5 billion in the medium term.

As part of Adnoc’s efforts to bolster its offshore oil, natural gas and wind businesses, the firm acquired privately-owned ZMI Holdings in July and folded it under its logistics unit. Including ZMI, Adnoc Logistics’ proforma 2022 revenue was $2.29 billion, on adjusted earnings of just under $600 million.

Adnoc Group companies accounted for nearly three-quarters of total sales for the year ended December 31, 2022, the firm said. It recently signed a five-year contract with Adnoc Offshore to provide integrated logistics services including port services and warehouse operations.

Citigroup Inc, First Abu Dhabi Bank PJSC, HSBC Holdings Plc and JPMorgan Chase & Co. have been appointed as joint global coordinators and joint bookrunners. Abu Dhabi Commercial Bank PJSC, Arqaam Capital Limited, Credit Agricole SA, EFG-Hermes, International Securities and Societe Generale SA are joint bookrunners for the offering.