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.

September 11, 2024
7 Articles

Further Reading