A consortium of investors, comprising of Global Infrastructure Partners, Brookfield Asset Management, GIC, OTPP, NH Investment and Snam, agreed to acquire a 49% stake in Abu Dhabi National Oil Company's pipelines, at a $20.7bn valuation. The transaction is subject to customary closing conditions and regulatory approvals. “We are pleased to once again partner with some of the world’s leading global infrastructure and institutional investors in what marks the region’s largest energy infrastructure investment. This milestone transaction demonstrates the trust and confidence placed in ADNOC by the global investment community and unlocks significant value from our pipeline portfolio, following last year’s groundbreaking oil pipeline infrastructure investment partnership. Today’s landmark investment signals continued strong interest in ADNOC’s low-risk, income-generating assets, and sets another benchmark for large-scale energy infrastructure investments in the UAE and the wider region. It solidifies ADNOC’s position as an attractive partner and reinforces the UAE’s track record as the region’s go-to foreign direct investment destination, even during the current unprecedented circumstances,” Dr. Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO.