Abu Dhabi Pension Fund to Invest $300 Million in Adnoc Pipelines

Abu Dhabi Retirement Pensions and Benefits Fund agreed to invest $300 million in Abu Dhabi National Oil Co.’s midstream pipeline assets, following investments from KKR & Co. and BlackRock Inc. The fund will acquire a 3 percent stake in Adnoc Oil Pipelines, with BlackRock and KKR together holding 40 percent and Adnoc 57 percent, according to a statement.

Source: https://www.bloomberg.com/news/articles/2019-04-14/abu-dhabi-pension-fund-to-invest-300-million-in-adnoc-pipelines?srnd=premium-middle-east

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