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Monday, 8 October 2018

CI Capital, Jefferies, Emirates NBD sign contracts to lead Enppi IPO

** #4 IPO WATCH- CI Capital, Jefferies, Emirates NBD sign contracts to lead Enppi IPO: CI Capital, Jefferies International Limited, and Emirates NBD have signed contracts to manage state energy contractor Enppi’s planned IPO, the Oil Ministry said in a Friday statement. The IPO will see Enppi offer for sale up to 24% of its shares, the statement confirms, but the timing of the offering remains unclear. A Finance Ministry source had told Enterprise last month that Enppi’s IPO is “likely” to take place in 1Q2019 and will most probably be the first state company to IPO under the privatization program, but a final decision has yet to be taken.

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