BlackRock Pulls Out of Race For a Share in ADNOC’s Gas Pipeline – Report

American investment management company BlackRock Inc is no longer in the race for investment in ADNOC’s natural gas pipeline.

ADNOC, BlackRock, KKR Close Infrastructure Agreement

The companies signed an initial agreement in February 2019 to invest $4 billion into the midstream pipeline assets.

ADNOC Enters Partnership with KKR, BlackRock

The partnership will result in around $4 billion to ADNOC and is expected to close in Q3 2019.

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