Lunate acquires 40% stake in Adnoc Oil Pipelines from BlackRock and KKR, returning pipeline assets to Abu Dhabi.
Global investment firm Lunate has acquired a 40% stake in Adnoc Oil Pipelines from institutional investors BlackRock and KKR. Adnoc Oil Pipelines operates onshore and offshore midstream crude oil pipeline infrastructure assets and is part of the broader ADNOC portfolio. The deal returns a significant chunk of Adnoc's oil pipeline network to Abu Dhabi, marking the first investment by foreign asset managers in the infrastructure of a Gulf state-owned energy company.
April 03, 2024
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