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Moelis' advisory mandate on ADNOC business review ends this year: sources [Reuters]

JP MORGAN CHASE (JPM)  More Company Research Source: Reuters
Last jp morgan chase earnings: 10/12 06:46 am Check Earnings Report
PDF Moelis' advisory mandate on ADNOC business review ends this year: sources | Reuters 3 Min Read DUBAI (Reuters) - U.S. investment bank Moelis’ mandate to advise the Abu Dhabi National Oil Company (ADNOC) on strategy and investment opportunities across the oil giant’s businesses will end this year, sources familiar with the matter said. ADNOC signed a one-year contract with Moelis in 2017, which was later extended until the end of this year. Starting from next year, however, ADNOC will award mandates on a deal-by-deal basis, said one of the sources close to the matter, speaking on condition of anonymity. Moelis declined to comment. ADNOC was not immediately available to comment. ADNOC appointed the boutique investment bank with a strategic advisory mandate aimed at creating and expanding partnerships and co-investment opportunities across new parts of Adnoc’s businesses. The Abu Dhabi state-owned company was seeking to attract billions of dollars in investments through joint ventures as [Read more]

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