ADNOC INVESTMENT $5.5 BLN
MEOG - Sep 02, 2020 - The Abu Dhabi National Oil Company (ADNOC) signed a $5.5 billion real estate investment partnership with a consortium led by Apollo Global Management.
Apollo led a consortium of institutional investors in the acquisition of a 49% stake in Abu Dhabi Property Leasing Holding Company RSC Limited (ADPLHC), a wholly owned affiliate of ADNOC. The transaction included no financing, and was placed entirely with insurance and pension fund investors that focus on long-term and high-quality investments. ADNOC will retain a 51% majority stake, maintaining full…
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