Abu Dhabi Pension Fund to invest $300mn in ADNOC Pipelines
The fund announced that it will acquire a 3% stake in ADNOC Oil Pipelines
Abu Dhabi Retirement Pensions and Benefits Fund will reportedly invest $300mn into ADNOC Oil Pipelines, an infrastructure entity being set up by ADNOC, along with BlackRock and KKR.
Abu Dhabi Pensions will buy a 3% stake, with BlackRock and KKR holding 40% and ADNOC holding the remaining 57%.
This follows ADNOC's $4mn deal with BlackRock and KKR to form ADNOC Oil Pipelines.