Etihad IPO: Advising banks have been selected

The planned IPO of Etihad Airways has taken another step forward. The sovereign wealth fund through which Abu Dhabi manages the company has now selected the advisory banks.

According to a report from Bloomberg, HSBC, Citygroup, First Abu Dhabi Bank and Rothschild & Co were among those chosen. The IPO has not yet been officially announced, but Etihad CEO Antónaldo Neves stated that they are ready to do so if the state owner ADQ wishes.