Blackstone, KKR and Brookfield have agreed to acquire a 49% stake in a joint venture linked to Kuwait’s national oil pipeline network in a transaction valued at approximately $16bn, according to a report by the Financial Times.
The deal is the largest foreign investment in Kuwait’s history and will provide the Gulf state with almost $8bn in upfront proceeds.
The three private equity and infrastructure investors will take their stake alongside Kuwait Petroleum Corporation (KPC). The joint venture...
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