BlackRock And KKR Near Sale Of ADNOC Oil Pipeline Stake To ADQ
Portfolio Pulse from Benzinga Newsdesk
BlackRock Inc. (BLK) and KKR & Co. (KKR) are reportedly close to selling their stake in an oil pipeline owned by Abu Dhabi National Oil Co. (ADNOC) to ADQ, a state-owned holding company in the United Arab Emirates. The deal is expected to be announced soon.
July 12, 2023 | 3:14 pm
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NEUTRAL IMPACT
BlackRock is close to selling its stake in an ADNOC oil pipeline, which could potentially impact its asset portfolio and revenues.
The sale of the stake in the oil pipeline could lead to a change in BlackRock's asset portfolio. However, without specific financial details, it's hard to predict the exact impact on the company's revenues or stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
KKR & Co. is nearing the sale of its stake in an ADNOC oil pipeline, which could potentially affect its asset portfolio and revenues.
The sale of the stake in the oil pipeline could lead to a change in KKR's asset portfolio. However, without specific financial details, it's hard to predict the exact impact on the company's revenues or stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50