GIP consortium to seek $8 billion loan for ADNOC deal

Adnoc has reached a deal to sell a 49% stake in various of its properties to a group led by Apollo, for $2.7bn, continuing a trend of strategic deals.
Sultan Ahmed al-Jaber, the Emirati minister of state and the CEO of Abu Dhabi's state-run Abu Dhabi National Oil Co., ADNOC, speaks at the opening ceremony of the Abu Dhabi International Petroleum Exhibition & Conference, ADIPEC, in Abu Dhabi, United Arab Emirates Emirates Oil Exhibition, Abu Dhabi, United Arab Emirates - 11 Nov 2019 Photo by Kamran Jebreili/AP/Shutterstock (10471756a)

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