$21B ADNOC network may add local investors

RIGZONE | Abu Dhabi is considering bringing local investors into its natural-gas pipeline network, according to people familiar with the matter, just months after raising cash from foreign funds.


State-owned Abu Dhabi National Oil Co. is discussing moving its 51% holding in the pipelines into a special-purpose vehicle, according to the people. It would then sell about 20% of the vehicle to one or more local funds, giving them an indirect interest in the underlying assets, the people said, asking not to be identified because the information is private.


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