GIP and Snam weighing stake sale in Adnoc's gas pipeline business [Yahoo! Finance]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: Yahoo! Finance
Snam owns approximately a 6% share in Adnoc Gas Pipeline Assets, while GIP owns the largest foreign share. The gas pipeline network connects upstream assets of Adnoc to local off-takers in the United Arab Emirates. GIP is said to be consulting with undisclosed advisors to assess interest in its stake, people familiar with the matter told the publication. Snam is also contemplating an exit strategy. Discussions are ongoing and no definitive decisions have been made regarding a potential transaction, the sources said. Abu Dhabi-based investment firm Lunate has shown interest in acquiring stakes from key owners within Adnoc Gas Pipeline Assets. Some of the investors are undecided about selling or retaining their shares in the pipeline unit, according to the sources. In 2020, GIP led a consortium that invested in Adnoc's pipeline network, valuing the unit at nearly $21bn (Dh77.12bn), including debt. This group, which also included GIC, Brookfield Asset Management, the Ont
Show less
Read more
Impact Snapshot
Event Time:
BN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BN alerts
High impacting Brookfield Corporation Class A Limited Voting Shares news events
Weekly update
A roundup of the hottest topics
BN
News
- ‘Yield sector relief' ahead predicts BMO chief investment strategist [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Is Brookfield Renewable Corp Stock a Buy? [Yahoo! Finance]Yahoo! Finance
- GIP, Snam Said to Mull Exit From $21 Billion Adnoc Gas Pipe Unit [BNN Bloomberg (Canada)]BNN Bloomberg
- Canada's missing navigation tool in the push to lower emissions [Yahoo! Finance Canada]Yahoo! Finance Canada
- China Three Gorges Studies Bid for Brookfield's Saeta [Financial Post (Toronto, Ontario, Canada)]Financial Post
BN
Earnings
- 5/9/24 - Miss
BN
Sec Filings
- 6/21/24 - Form 6-K
- 6/18/24 - Form 6-K
- 6/18/24 - Form 6-K
- BN's page on the SEC website