KKR Makes Deeper Inroads Into Abu Dhabi With Gas Pipelines Deal

Buyout giant KKR & Co. has bought a minority stake in Abu Dhabi National Oil Co.’s gas pipeline network, marking its second deal of the year in a region that’s increasingly becoming a magnet for global capital.

The New York-based investment firm is taking a minority holding in Adnoc Gas Pipeline Assets LLC, according to a statement. Details on financial terms or the size of the stake weren’t disclosed.

The deal comes six years after KKR bought into Adnoc’s oil pipeline network, the first time a foreign asset manager invested in the infrastructure of a Gulf state-owned energy company. ...