Abu Dhabi Retirement Pensions and Benefits Fund Buys Stake in ADNOC Oil Pipelines
Posted on 04/15/2019
The Abu Dhabi Retirement Pensions and Benefits Fund inked a deal to acquire a 3% stake in ADNOC Oil Pipelines from the Abu Dhabi National Oil Company (ADNOC) for 1.1 billion AED (US$ 300 million). Abu Dhabi Retirement Pensions and Benefits Fund is joining other investors in the pipeline which include KKR and the BlackRock Inc.