1 story from 1 source
Day’s Recap is unavailable for this topic and date. Feel free to go through our curated list of stories below.
A curated list of other prominent stories from this day.
Blackstone, KKR and Brookfield agreed to buy a stake in Kuwait’s oil pipeline network in a roughly $16bn transaction, the Gulf state’s largest ever foreign investment. Kuwait is using the deal to raise capital and manage rising security risk to energy infrastructure tied to Iranian attacks.
4:44 AMFinancial TimesSummary
Blackstone, KKR and Brookfield agreed to buy a stake in Kuwait’s oil pipeline network in a roughly $16bn transaction, the Gulf state’s largest ever foreign investment. Kuwait is using the deal to raise capital and manage rising security risk to energy infrastructure tied to Iranian attacks.
Why it matters
The deal sets a new benchmark for foreign ownership and valuation of Gulf energy infrastructure, reshaping capital access and risk pricing for future privatizations.
Make it yours
Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!