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Global giants considering bids to acquire stake in KPC pipeline network
Major global private equity giants, including BlackRock’s Global Infrastructure Partners (GIP) and Brookfield Asset Management Group, are considering bids to acquire a stake in Kuwait Petroleum Corporation’s pipeline network.
Bloomberg quoting sources familiar with the matter, who asked not to be identified, said the list of potential bidders studying the assets also includes AIG Global Energy Partners, KKR, Macquarie Group, and Stone Peak.
Some insiders also indicated that the deadline for submitting initial proposals has been extended by several weeks until the end of April, in order to give applicants additional time to assess the implications of Iranian attacks on the region’s energy infrastructure, reports Al-Rai daily.
