BlackRock (BLK) and KKR (KKR) are near a sale of their 40% stake in Abu Dhabi National Oil Company’s pipeline network to sovereign wealth fund ADQ in a deal that may value the combined stake at over $4B including debt, according to Bloomberg’s Aaron Kirchfeld, Dinesh Nair and Anthony Di Paola, citing sources.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BLK:
- BlackRock (NYSE:BLK) Earnings Preview: Analyst Raises Estimates Ahead of Q2 Results
- Blackrock Inc. (BLK) Q2 Earnings Cheat Sheet
- Standard Chartered Boosts Bitcoin Outlook; $120K in Sight by 2024-End
- Charles Schwab upgraded, Fox downgraded: Wall Street’s top analyst calls
- BlackRock price target raised to $781 from $741 at Jefferies