GIC invested $600m in pipeline infrastructure of ADNOC.

GIC invested $600m for a 6% stake in pipeline infrastructure of the Abu Dhabi National Oil Company. This marks the successful closing of the total investment transaction, following the formal closing of the initial investment agreement with BlackRock and KKR on June 27. Ahmed Jasim Al Zaabi, Group Director Finance and Investment at ADNOC said: “The successful final closing of this landmark transaction is a clear vote of confidence by the global investment community in both the UAE and ADNOC as attractive investment destinations. The caliber of these leading global and domestic investors underlines the quality and attractiveness of ADNOC’s infrastructure assets and our ability to efficiently structure and close value-creating investment opportunities for our partners and investors.”