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Abu Dhabi, UAEWednesday 27 March 2019

Crown Prince of Abu Dhabi meets BlackRock and KKR chairmen

Sheikh Mohamed bin Zayed greeted Larry Fink and Henry Kravis following Adnoc's multi-billion dollar pipeline deal

Sheikh Mohamed bin Zayed welcomed Larry Fink and Henry Kravis
Sheikh Mohamed bin Zayed welcomed Larry Fink and Henry Kravis

The Crown Prince of Abu Dhabi met with the heads of BlackRock, the world’s largest asset manager, and private equity firm KKR & Co on Sunday following a major pipeline deal.

Sheikh Mohamed bin Zayed, Deputy Supreme Commander of the Armed Forces, welcomed Larry Fink and Henry Kravis, whose companies are investing $4 billion (Dh14.69bn) in the Abu Dhabi National Oil Company's pipeline infrastructure.

The deal will see the state-owned oil and gas producer receive $4bn upfront from the two companies, while 18 of Adnoc's pipelines will be leased for 23 years.

Updated: February 24, 2019 03:50 PM

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