4:44 AMFinancial Times
Blackstone, KKR and Brookfield take Kuwait pipelines stake in $16bn deal
Summary
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.