BlackRock to acquire a minority stake in Saudi Bahrain Pipeline Company from Bapco Energies.

BlackRock, a private equity firm, agreed to acquire a minority stake in Saudi Bahrain Pipeline Company, an energy company, from Bapco Energies, the integrated energy company leading the energy transition in the Kingdom of Bahrain. Financial terms were not disclosed. “We are thrilled to partner with Bapco Energies. This investment in Saudi Bahrain Pipeline Company not only gives our investors exposure to a critical, contracted infrastructure asset, it also supports the modernisation of a strategic asset for Bahrain as it seeks to achieve its decarbonization goals. It is also a testament to our position as a leading infrastructure investor in the Middle East, with the capability to source unique opportunities for our clients,” Edward Winter, BlackRock Managing Director and Head of EMEA for Diversified Infrastructure.