UAE: Big stake in Adnoc pipelines business returns to domestic ownership

Issue 1186 - 15 Apr 2024 | 1 minute read

A fund owned by Abu Dhabi conglomerate Chimera Investments’ Lunate has acquired a 40% stake in Adnoc Oil Pipelines from private equity giants BlackRock and KKR, in a move to take overwhelming control of a strategic local asset.

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