ADNOC closes $4bln pipeline deal with KKR and BlackRock | ZAWYA MENA Edition:
Abu Dhabi National Oil Company (ADNOC) has completed a deal for BlackRock and KKR to acquire a 40 per cent stake in ADNOC Oil Pipelines for $4 billion.
In a statement, ADNOC said that the KKR and BlackRock investment was successfully funded through their global infrastructure funds and financed by a syndicate of international banks.
The agreement will see BlackRock and KKR acquiring a combined 40 per cent stake in a newly formed entity, ADNOC Oil Pipelines.
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