BlackRock no longer in the race for ADNOC's gas pipeline assets - sources
Share:
MILAN/DUBAI (Reuters) - BlackRock Inc has dropped out of the race to become an investor in Abu Dhabi National Oil Co's (ADNOC) natural gas pipeline assets, two sources familiar with the matter said.That leaves Italian infrastructure firm Snam and Global Infrastructure Partners among at least six remaining bidders, they said. BlackRock, along with buyout firm KKR & Co , last year bought a 40% stake in ADNOC Oil Pipelines for $4 billion (3.5 billion pounds), and was also looking at a deal..