GIP, Snam Said to Mull Exit From $21 Billion Adnoc Gas Pipe Unit
- Investors consider selling holdings four years after buying in
- Abu Dhabi asset manager Lunate interested in getting stake
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Global Infrastructure Partners and Italy’s Snam SpA are considering a potential sale of their stakes in Abu Dhabi National Oil Co.’s gas pipeline unit, according to people familiar with the matter.
GIP, the biggest foreign shareholder in Adnoc Gas Pipeline Assets LLC, is working with advisers as it prepares to gauge interest in the holding, the people said. Snam, an Italian gas network operator that owns about 6%, has also been weighing an exit, according to the people.