Abu Dhabi National Oil Co. (ADNOC)

UAE’s ADNOC L&S acquires 80% stake in Navig8 for $1.04bn

UAE’s ADNOC L&S acquires 80% stake in Navig8 for $1.04bn

  • Value-accretive transaction expected to boost earnings per share by at least 20% in 2025 compared to 2024
  • Transaction adds modern fleet of 32 tankers to ADNOC L&S’ fleet and expands its service portfolio
By Nour El-Shaeri ·