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Bapco Energies sells minority stake in Saudi Bahrain Pipeline Co. to BlackRock's Diversified Infrastructure fund.
Bapco Energies, Bahrain's leading energy firm, has sold a minority stake in the Saudi Bahrain Pipeline Company to BlackRock's Diversified Infrastructure fund, marking its first asset monetization.
The two companies signed a memorandum of understanding to collaborate on infrastructure and decarbonization projects in Bahrain, aiming to reduce the kingdom's carbon footprint and achieve net-zero emissions by 2060.
Bapco retains majority ownership of SBPC.
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Bapco Energies vende participación minoritaria en Saudi Bahrain Pipeline Co. al fondo de infraestructura diversificada de BlackRock.