BlackRock, KRR Sell AOP Stake

Posted on 04/03/2024

Alternative investor Lunate has bought BlackRock and KKR’s 40% stake in Abu Dhabi National Oil Company’s (ADNOC’s) pipeline business, known as ADNOC Oil Pipelines (AOP). AOP was sold to BlackRock and KKR for US$ 4 billion five years ago. ADNOC is a majority state-owned oil company in the UAE. ADNOC is the world’s 12th largest…

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