Singapore's sovereign wealth fund to invest $600 million ADNOC's crude pipelines

30 Jul, 2019

The deal will take the combined lease-based investment of GIC, ADRPBF, KKR and BlackRock in the ADNOC's pipeline infrastructure to $4.9 billion, according to ADNOC's statement.  GIC will acquire a 6% stake in ADNOC's newly formed entity, ADNOC Oil Pipelines LLC (ADNOC Oil Pipeline), with BlackRock and KKR together holding 40%, ADRPBF 3% and ADNOC the remaining 51%.

Copyright Reuters, 2019

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