Deals

Abu Dhabi Sells $10 Billion Stake in Pipelines to Consortium

Six buyers include GIP, Brookfield, Singapore’s sovereign fund
Year’s biggest infrastructure deal values unit at $21 billion

Sultan Al Jaber, chief executive officer of Adnoc, discusses the $10.1 billion pipelines deal. He speaks with Bloomberg’s Manus Cranny.

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By Anthony Di Paola, Manus Cranny, and Dinesh Nair

June 23, 2020 at 6:55 AM UTC

Updated on

June 23, 2020 at 10:47 AM UTC

This article is for subscribers only.

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Abu Dhabi sold a $10.1 billion stake in its natural-gas pipelines to a group of six investors including Global Infrastructure Partners, Brookfield Asset Management Inc. and Singapore’s sovereign wealth fund, in the biggest infrastructure acquisition so far this year.