ANDOC Announces a $ 20.7 Billion Deal in Energy Infrastructure

Abu Dhabi National Oil Company (ADNOC): Announces $ 20.7 billion investment in energy infrastructure.

ADNOC enters into an agreement with some of the infrastructure investors and operators, a sovereign wealth fund and pension funds.

A consortium of investors, which includes Global Investment in Partners and Brokersfield Asset Management, the Singapore sovereign wealth fund GIC and the Ontario Teachers and NHS pension fund for investment and securities, will invest in specific assets of ADNOC gas pipelines at a value of $ 20.7 billion.

The consortium will collectively hold a 49% stake in ADNOC Gas Pipelines LLC.

According to the agreement, “ADNOC Gas Pipes will rent the stake that ADNOC holds in a group of gas pipeline assets for 20 years in exchange for obtaining the right to use these assets with a tariff based on the quantities.”

This agreement brings immediate revenue to ADNOC $ 10.1 billion.

The gas pipeline network links ADNOC’s onshore and offshore assets to local transportation networks of the company’s customers in the country.

For ADNOC partners, the deal provides investors with a unique opportunity to invest in excellent assets for low-risk energy infrastructure that provides investors with stable cash flows.

Bank of America Securities, First Abu Dhabi Bank and Meizuho Securities act as financial advisors to ADNOC.

Molise & Company acts as ADNOC’s independent financial advisor.

 

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ANDOC Announces a $ 20.7 Billion Deal in Energy Infrastructure - /10

Summary

Abu Dhabi National Oil Company (ADNOC): Announces $ 20.7 billion investment in energy infrastructure.

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