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flag Lunate, an Abu Dhabi investment firm, plans to acquire Snam's stake in ADNOC Gas Pipelines for high yields and growth.

flag Abu Dhabi's investment firm Lunate plans to acquire a minority stake in ADNOC Gas Pipelines, managed by Abu Dhabi National Oil Company (ADNOC). flag ADNOC Gas Pipelines oversees 38 pipelines spanning 982 kilometers across the UAE. flag This acquisition, part of Lunate’s Long-Term Capital Fund I, aims for high cash yields and long-term growth. flag The deal, pending agreement and approval, involves Snam, Europe’s top gas infrastructure operator, selling its indirect stake.

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