The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.
Read Also
- Child under 5 dies after being hospitalized for measles: Public Health Ontario
- GameStop Shares Retreat on Preliminary 1Q Report
- First aid shipment has been driven across American-built pier to Gaza: U.S. Military
- Slovak prime minister underwent another operation, remains in serious condition
- Assassination attempt opens Slovakia’s wounds, some linked to PM Fico
- Maine mass shooter had ‘severe’ traumatic brain injury from time as grenade instructor, family tells commission
- Basic Materials Roundup: Market Talk
- Health Care Roundup: Market Talk
- Preview: Tyson Fury vs Oleksandr Usyk – heavyweight boxing fight
- Putin says Russia wants a buffer zone in Ukraine's Kharkiv but has no plans to capture the city
Latest CNBC
- Microsoft's Mistral partnership avoids merger probe by British regulators
- China pledges $42 billion in a slew of measures to support the struggling property sector
- Chinese EV maker Xpeng aims to deliver its first flying car in 2026
- Shares of Cartier owner Richemont climb 6% on record full-year sales, new CEO
- China is a 'critical' global supplier, full decoupling may be impossible, survey shows
- ECB board member reportedly cautions against back-to-back rate cuts, cites 'risk of easing prematurely'
- CNBC's Inside India newsletter: What's next for India's regulators?
- Steve Jobs' former intern reflects on working for the tech mogul: 'I worked 20 yards away from him every day'
- HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
- Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon