Potential buy: An Emirati man is seen near the logo of Adnoc in Ruwais, United Arab Emirates. Despite the coronavirus crisis, infrastructure investors have been defying the downturn to deploy capital. — Reuters
NEW YORK: An investor group backed by Global Infrastructure Partners (GIP) and Brookfield Asset Management Inc is seeking a loan of about US$8bil to finance the potential purchase of a stake in Abu Dhabi National Oil Co’s (Adnoc) natural gas pipelines, according to sources.
The consortium – which also includes Italian infrastructure operator Snam SpA, Ontario Teachers Pension Plan, Singapore sovereign fund GIC Pte and South Korea’s NH Investment & Securities Co – has reached out to banks to gauge their interest in participating, according to the sources.
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