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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Adia buys stake in Norway gas

Posted on 07 June 2011

The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, is part of a consortium paying US$3.25 billion (Dh11.93bn) for a stake in Gassled, a venture that owns almost all of Norway’s natural gas pipelines.
Solveig Gas Norway, a holding company 25 per cent owned by the Abu Dhabi Investment Authority (Adia), has agreed to buy 24.1 per cent of the Gassled joint venture from Statoil, Norway’s largest oil company………………………………………Full Article: Source


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