Adnoc rakes in capital in energy infrastructure deal

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By Mariam Meskin
24 Jun 2020

The United Arab Emirates’ state-owned oil company, Abu Dhabi National Oil Company (Adnoc), has raised more than $10bn of investment from a consortium of firms in exchange for a stake in select pipelines. This is the second deal in 12 months in which Adnoc has raised international capital by leasing part of its pipeline network.

A consortium of six investors — Brookfield Asset Management; Global Infrastructure Partners; NH Investment & Securities; Ontario Teachers’ Pension Plan Board; Singapore’s sovereign wealth fund, GIC; and Snam, the Italian energy infrastructure company — will take a 49% stake in a select set of Adnoc gas pipelines, which ...

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