GIP Consortium Is Said to Seek $8 Billion Loan for Adnoc Deal - Bloomberg:
An investor group backed by Global Infrastructure Partners and Brookfield Asset Management Inc. is seeking a loan of about $8 billion to finance the potential purchase of a stake in Abu Dhabi National Oil Co.’s natural gas pipelines, according to people with knowledge of the matter.
The consortium -- which also includes Italian infrastructure operator Snam SpA, Ontario Teachers Pension Plan and Singapore sovereign fund GIC Pte -- has reached out to banks to gauge their interest in participating, according to the people, who asked not to be identified because the information is private.
No final agreements have been reached, and details of the financing could change, the people said. Representatives for Snam and GIC declined to comment, while representatives for the other consortium members didn’t immediately respond to requests for comment.
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An ADNOC employee performs maintenance duties at the Borouge 3 petrochemical plant, at the company's Ruwais refinery.
Photographer: Christophe Viseux/Bloomberg |
An investor group backed by Global Infrastructure Partners and Brookfield Asset Management Inc. is seeking a loan of about $8 billion to finance the potential purchase of a stake in Abu Dhabi National Oil Co.’s natural gas pipelines, according to people with knowledge of the matter.
The consortium -- which also includes Italian infrastructure operator Snam SpA, Ontario Teachers Pension Plan and Singapore sovereign fund GIC Pte -- has reached out to banks to gauge their interest in participating, according to the people, who asked not to be identified because the information is private.
No final agreements have been reached, and details of the financing could change, the people said. Representatives for Snam and GIC declined to comment, while representatives for the other consortium members didn’t immediately respond to requests for comment.
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