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Investors - OCTOBER 15, 2020

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Abu Dhabi Pension Fund and ADQ to pour $2.1b into ADNOC gas pipeline assets

by Released

Abu Dhabi Pension Fund (ADPF) and ADQ, one of the region’s largest holding companies, will invest $2.1 billion into select Abu Dhabi National Oil Company (ADNOC) gas pipeline infrastructure assets.

Under the terms of the agreement, ADNOC will divest 20 percent in ADNOC Gas Pipelines HoldCo, a wholly owned ADNOC entity that holds 100 percent of ADNOC’s interest in ADNOC Gas Pipeline Assets, to ADPF and ADQ. ADNOC Gas Pipelines is a subsidiary of ADNOC, with lease rights to 38 gas pipelines covering a total of 982 kilometers (610 miles).

In July, a consortium of global investors, comprising Global Infrastructure Partners, Brookfield Asset Management, Singapore’s sovereign wealth fund GIC, Ontario Teachers’ Pension Plan Board, NH Investment & Securities and Snam, invested $10.1 billion for a collective 49 percent stake in the same select ADNOC gas pipeline infrastructure assets.

ADNOC has sought to accommodate a combination of both international and dom

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