ADRPBF

AcronymDefinition
ADRPBFAbu Dhabi Retirement Pensions Benefits Fund (United Arab Emirates)
References in periodicals archive ?
According to a statement from ADNOC, the closing of the total investment transaction follows the formal signing of the initial investment agreement with BlackRock and KKR in June, and the closing of the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) investment on August 1.
BlackRock and KKR together hold 40%, ADRPBF 3%, GIC 6% and ADNOC the remaining 51% in the newly formed entity, ADNOC Oil Pipelines LLC ('ADNOC Oil Pipelines').
BlackRock and KKR together hold 40 percent, ADRPBF three percent, GIC six percent, and ADNOC the remaining 51 percent in the newly formed entity, ADNOC Oil Pipelines.
BlackRock and KKR together hold 40 per cent, ADRPBF three per cent, GIC six per cent, and Adnoc the remaining 51 per cent in the newly formed entity, Adnoc Oil Pipelines.
Blackrock and KKR will own 40% stake in the company and remaining 6% will be held by ADRPBF.
Under the agreement, a new entity is formed, ADNOC Oil Pipelines, in which ADNOC dominates a 57% stake, while BlackRock and KKR own a combined 40% stake, and ADRPBF owns 3%.
The agreement will see BlackRock and KKR acquire a combined 40 per cent stake in a newly formed entity, Adnoc Oil Pipelines with ADRPBF acquiring 3 per cent.
With this investment in place, GIC will acquire a 6% stake in a newly formed entity, Adnoc Oil Pipelines LLC, while BlackRock and KKR will have 40 per cent, ADRPBF with 3 per cent and Adnoc retaining the remaining 51 per cent.
The new deal takes the combined lease-based investment of GIC, ADRPBF, KKR and BlackRock to $4.9 billion.
This follow-on investment agreement will see GIC acquire a six percent stake in a newly formed entity, ADNOC Oil Pipelines, with BlackRock and KKR together holding 40 percent, ADRPBF three percent and ADNOC the remaining 51 percent.
This agreement will see Black Rock and KKR acquire a combined 40% stake in a newly formed entity, Adnoc Oil Pipelines, with ADRPBF acquiring 3% and Adnoc holding the remaining 57%.