Deals
Adnoc’s $15 Billion Gas Pipeline Draws BlackRock, GIP Interest
- KKR, IFM, Ontario Teachers also among suitors weighing bids
- Abu Dhabi oil giant expects first-round offers by mid-February
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BlackRock Inc., Global Infrastructure Partners and KKR & Co. are among suitors considering bidding for a stake in natural gas pipelines being sold by Abu Dhabi’s state-owned energy giant, people familiar with the matter said.
Australia’s IFM Investors Pty and Ontario Teachers’ Pension Plan are also weighing offers for a stake in Abu Dhabi National Oil Co.’s gas pipeline unit, according to the people. A deal could value the business at as much as $15 billion including debt, the people said, asking not to be identified because the information is private.