Abu Dhabi Retirement Pensions and Benefits Fund agrees to acquire 3% stake in ADNOC pipeline assets
Date
June 04, 2019
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
United Arab Emirates
Subsectors
O&G Midstream
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Abu Dhabi Retirement Pensions and Benefits Fund has entered into an agreement to acquire 3% stakes in Abu Dhabi National Oil Co.'s midstream pipeline assets for a total consideration of US$300 million.
The Fund will acquire interest in ADNOC Oil Pipelines following the investments from KKR & Co. and BlackRock Inc.
