Abu Dhabi Pension Fund and ADQ to acquire a 20% stake in ADNOC's gas pipelines business for $2.1bn.

Abu Dhabi Pension Fund and ADQ, a state holding company, agreed to acquire a 20% stake in the gas pipelines business of ADNOC, for $2.1bn. The transaction is expected to close later this month, subject to customary closing conditions and all regulatory approvals. “We are delighted to once again partner with both Abu Dhabi Pension Fund and ADQ. Joining our global investor consortium partners in this landmark energy infrastructure investment, the addition of these high-caliber UAE investors sets a new benchmark for leading global and domestic institutional investors to deploy long-term equity capital into key ADNOC energy infrastructure assets," Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO.