GIC, Singapore’s sovereign wealth fund, will invest $600 million in ADNOC’s crude pipeline infrastructure, following similar deals by BlackRock, KKR and the Abu Dhabi Retirement Pensions and Benefits Fund, ADNOC said on Tuesday.
The deal will take the combined lease-based investment of GIC, ADRPBF, KKR and BlackRock in the ADNOC’s pipeline infrastructure to $4.9 billion, according to ADNOC’s statement.
