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10/25/24, 4:27 PM EFG Hermes Successfully Completes Sale Of Helmerich & Payne's $197M Stake In ADNOC Drilling

EFG Hermes Successfully Completes Sale Of

Helmerich & Payne's $197M Stake In ADNOC

Drilling

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10/14/2024 2:11:29 PM

(MENAFN- Daily News Egypt) EFG Hermes, an EFG Holding Company and the

leading investment bank in the Middle East and North Africa (MENA) announced Monday

that its investment banking division has successfully completed an accelerated book build
(ABB) on behalf of Helmerich & Payne, Inc. (H&P). This transaction involved the full
divestment of H&P's stake in ADNOC Drilling, valued at approximately $197m.

EFG Hermes acted as Joint Global Coordinator for the ABB, facilitating H&P's exit from

ADNOC Drilling, a stake it had initially acquired as a cornerstone investor during ADNOC

Drilling's initial public offering (IPO).

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