ADNOC takes in $10 bln for pipeline stake
Abu Dhabi The consortium participating in the deal comprises Global Infrastructure Partners, Brookfield Asset Management, Singaporean sovereign wealth fund GIC, the Ontario Teachers’ Pension Plan Board, NH Investment & Securities and Italy’s Snam.
The group will take up the stake in the recently formed ADNOC Gas Pipelines entity, which is valued at USD 20.7 billion. The agreement represents one of the largest-ever global energy infrastructure deals.
“Today’s landmark investment signals continued strong interest in ADNOC’s low-risk, income-generating assets, and sets another benchmark for large-scale energy infrastructure investments in the UAE and the wider region,” H.E. Sultan Al Jaber, UAE minister of state and ADNOC Group CEO, said.
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