Abu Dhabi National Oil Co (ADNOC) said on Monday it may sell as much as a 20 percent stake in its fuel distribution unit, potentially raising up to $2.8 billion. Analysts valued the total fuel distribution unit at between $11 billion and $14 billion in reports prepared by banks advising the firm on the planned listing, sources have told Reuters. Sponsored If ADNOC raises as much as $2.8 billion, it would be the biggest initial public offering (IPO) in the United Arab Emirates since 2007 when DP World raised nearly $5 billion, according to Thomson Reuters data. Abu Dhabi is pushing its state companies to list on the bourse, hoping to lure foreign investors with privatizations after a fall in oil prices since mid-2014 depleted […]