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. The private equity firms are set to divest their stakeholding as early as this week, the report noted.
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