The Abu Dhabi National Oil Company (Adnoc) has announced that Abu Dhabi Pension Fund (ADPF) and ADQ, one of the region’s largest holding companies, will invest $2.1 billion into select Adnoc gas pipeline infrastructure assets. Under the terms of the agreement, Adnoc will divest 20% in Adnoc Gas Pipelines HoldCo, a wholly owned Adnoc entity that holds 100% of Adnoc’s interest in Adnoc Gas Pipeline Assets (Adnoc Gas Pipelines), to ADPF and ADQ. Adnoc Gas Pipelines is a subsidiary of Adnoc with lease rights to 38 gas pipelines covering a total of 982 kilometres. In July 2020, a consortium of global investors, comprising Global Infrastructure Partners, Brookfield Asset Management, Singapore’s sovereign wealth fund GIC, Ontario Teachers’ Pension Plan Board, NH Investment & Securities and Snam (the Consortium), invested $10.1 billion for a ...read more...
CountryUnited Arab Emirates