KKR, BlackRock Are Set to Invest $4 Billion in Adnoc Pipeline - Bloomberg:
KKR & Co. and BlackRock Inc. are set to invest in Abu Dhabi National Oil Co.’s pipeline network in a deal valued at $4 billion to $4.5 billion, according to people familiar with knowledge of the matter.
The deal could be structured so that the two New York-based financial firms acquire leasing rights from the state oil company, the people said, asking not to be identified as the information is private. A transaction could be announced as early as Sunday and the bidders are in talks with banks about financing for the deal, they said.
Adnoc, as the state-owned energy giant is known, KKR and BlackRock declined to comment.
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