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DUBAI, April 14 (Reuters) – Abu Dhabi's national oil company (ADNOC) announced on Sunday that the Abu Dhabi Retirement and Retirement Benefits Fund (ADRPBF) had signed a contract for 39, investment in a pipeline infrastructure entity set up by BlackCock and BlackRock.
ADRPBF will invest 1.1 billion dirhams (USD 300 million) and will acquire a 3% stake in the new entity, ADNOC Oil Pipelines, BlackRock and KKR jointly holding 40% interest and ADNOC 57%, said ADNOC in a statement.
In February, ADNOC signed a $ 4 billion interim pipeline infrastructure agreement with US investment firms KKR and BlackRock.
Reportage of Dahlia Nehme; Edited by Rania El Gamal and Susan
Fenton
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