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-0.00484671197912185 -0.0249218503541828 0.00375691875304713 0.0152284263959391 0.0295678109495541 0.0212509679084574 -0.00119016891794994 -0.013550718403166
Stock impact report

BlackRock no longer in the race for ADNOC's gas pipeline assets - sources [Reuters]

BlackRock, Inc. (BLK) 
Last blackrock, inc. earnings: 4/16 06:02 am Check Earnings Report
US:NYSE Investor Relations: ir.blackrock.com
Company Research Source: Reuters
BlackRock no longer in the race for ADNOC's gas pipeline assets - sources - Reuters 3 Min Read MILAN/DUBAI, March 23 (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, and was also looking at a deal involving ADNOC’s gas pipeline infrastructure, the sources said. However, it has now decided not to bid for the assets. “BlackRock is not there anymore,” said one of the sources with knowledge of the matter, adding the timing is not right for the world’s largest fund manager given the global market turmoil linked to the coronavirus outbreak. ADNOC, BlackRock and Snam declined to comment. Global Infrastructure Partners d Show less Read more
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