DUBAI: Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI, yesterday set the price range for its initial public offering (IPO), implying an equity valuation for the company of US$5.5bil (RM22.89bil) to US$6bil (RM24.97bil).
The maker of fertilisers and clean ammonia products also said in a statement it had secured Inclusive Capital Partners, Abu Dhabi Pension Fund and Singapore sovereign wealth fund GIC as cornerstone investors.
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