Dana Gas set to launch $561 million IPO

13th Sep 2005, 22:11 GMT

Dana Gas, a firm set up by a group of energy companies in the United Arab Emirates, will launch a planned 2.06 billion dirham ($561 million) initial public share offering on September 20, the company said. The IPO, which will represent 34.33 percent of the firm's capital of six billion dirhams, will close on October 2.