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Lunate, an Abu Dhabi investment firm, plans to acquire Snam's stake in ADNOC Gas Pipelines for high yields and growth.
Abu Dhabi's investment firm Lunate plans to acquire a minority stake in ADNOC Gas Pipelines, managed by Abu Dhabi National Oil Company (ADNOC).
ADNOC Gas Pipelines oversees 38 pipelines spanning 982 kilometers across the UAE.
This acquisition, part of Lunate’s Long-Term Capital Fund I, aims for high cash yields and long-term growth.
The deal, pending agreement and approval, involves Snam, Europe’s top gas infrastructure operator, selling its indirect stake.
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Lunate, una empresa de inversión de Abu Dhabi, planea adquirir la participación de Snam en los gasoductos ADNOC para un alto rendimiento y crecimiento.