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BlackRock and KKR plan around $5 billion investment in ADNOC pipeline unit

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Abu Dhabi National Oil Company (ADNOC) embarked on a major transformation drive in the past two years to make it more competitive and commercially focused like other state-owned peers -- selling and listing stakes in parts of its business.

Wednesday 20, February 2019 BY KUDAKWASHE MUZORIWA

US-based investment firms BlackRock and KKR are in advanced talks to acquire around $5 billion stake in ADNOC pipeline network, reported Reuters.

ADNOC is rated AA by Fitch Ratings.

TAGS : ADNOC, BlackRock, KKR

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