GIP, Brookfield Invest $10 Billion in Abu Dhabi Gas Infrastructure

DUBAI—Global Infrastructure Partners, Brookfield Asset Management and other private-equity firms invested $10 billion Tuesday in gas pipelines operated by the United Arab Emirates’ national oil company, a deal that marries yield-hungry funds with a country battered by low oil prices and the coronavirus pandemic. The consortium will acquire a 49% stake in a new company with lease rights to 38 pipelines for 20 years, covering roughly 600 miles across the U.A.E., Abu Dhabi National Oil Co., or Adnoc, said. The oil firm will hold…


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