🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
BlackRock, KKR sell stake in ADNOC assets to Abu Dhabi's Lunate
VCCircle
·
1y ago
Medial
Abu Dhabi-based investor Lunate has acquired a 40% stake in the entity that leases Abu Dhabi National Oil Company's (ADNOC) oil pipelines from private equity firms BlackRock and KKR. The terms of the deal were not disclosed, but it marks a return of the stake to local hands after being purchased by the two US funds for $4bn in 2019. This move aligns with Abu Dhabi's strategy to create a national champion in the alternative investments sector with Lunate, which manages $105bn of assets and is part of a business empire owned by Sheikh Tahnoun bin Zayed Al Nahyan.
View Source
Related News
Alpha Dhabi Holding to sell stake in oilfield services firm to JV with ADNOC Drilling
VCCircle
·
1y ago
Medial
Alpha Dhabi Holding, a subsidiary of Abu Dhabi's International Holding Company (IHC), plans to sell its controlling stake in an oilfield services firm to the joint venture it formed with ADNOC Drilling, a unit of Abu Dhabi National Oil Company. The joint venture, called Enersol, will purchase Alpha Dhabi Holding's stake in the company.
View Source
Abu Dhabi's Lunate, Brookfield start $1 bn residential property venture
VCCircle
·
2m ago
Medial
Abu Dhabi's Lunate and Brookfield have initiated a $1 billion joint venture to develop residential real estate across the Middle East, including the UAE and Saudi Arabia. This venture will focus on creating high-quality build-to-sell and buy-to-sell residential assets, with Lunate providing significant investment and leveraging its regional network for commercialization. This move follows Lunate's recent acquisition in Dubai and comes amid a post-pandemic property boom driven by foreign investments and residency reforms.
View Source
ADNOC to acquire German chemicals company Covestro for $16 bn
VCCircle
·
10m ago
Medial
- Abu Dhabi's ADNOC acquires German chemicals company Covestro for $16 billion, making it ADNOC's largest-ever acquisition. - The deal aims to reduce the Gulf state's dependence on oil and increase investment in cleaner energy sources. - ADNOC plans to expand its presence in petrochemicals, gas, and renewable energy through the acquisition. - The transaction includes a cash deal of 62 euros per share and the assumption of around 3 billion euros in debt. - Covestro is seen as a growth platform for ADNOC, with expectations that the chemicals sector will outpace GDP growth. - The acquisition includes measures to limit ADNOC's control over Covestro, such as maintaining labor representation and securing management's strategic direction.
View Source
Germany's Aquila Group to open Middle East office in Abu Dhabi
VCCircle
·
4m ago
Medial
Hamburg-based Aquila Group is expanding to the Middle East by opening an office in Abu Dhabi, targeting growth opportunities in the Gulf region. The newly formed Aquila Capital Middle East will focus on investments in data centers and renewable energy projects. With 15.4 billion euros in assets, the firm highlights Abu Dhabi's growth prospects. They have preliminary approval from Abu Dhabi's financial center, ADGM, and await final clearance. The region's appeal draws global firms to ADGM.
View Source
ADNOC gets access to German firm Covestro's books after $12.5-bn takeover offer
VCCircle
·
1y ago
Medial
ADNOC, the Abu Dhabi National Oil Co, has been given access to Covestro's books after raising its takeover offer to 11.7 billion euros ($12.5 billion). Covestro, a German chemicals firm, has agreed to enter concrete negotiations with ADNOC, indicating that a deal could be reached. The improved offer comes after more than a year of discussions between the two companies. ADNOC has been actively pursuing European targets and recently agreed to acquire OCI's stake in Fertiglobe for $3.6 billion.
View Source
Abu Dhabi sovereign wealth fund Mubadala's assets jump 9% in 2024
VCCircle
·
3m ago
Medial
Abu Dhabi's sovereign wealth fund, Mubadala, reported a 9.1% rise in assets under management to 1.2 trillion dirhams ($326.74 billion) in 2024, driven by increased investments in technology, manufacturing, and private credit. Mubadala's deployed capital increased by 33.7% to 119 billion dirhams, achieving a five-year return rate of 10.1%. The fund focuses on diversifying Abu Dhabi's economy and includes investments in AI, clean energy, and advanced manufacturing, aligning with UAE's national priorities.
View Source
AI added $500 million of extra value in 2023: Abu Dhabi Oil Company
Economic Times
·
1y ago
Medial
Abu Dhabi National Oil Company (ADNOC) has announced that it generated an additional $500 million in value in 2023 through the integration of over 30 artificial intelligence tools across its operations. The AI tools were used from field operations to corporate decision-making, resulting in improved efficiency and prevented up to 1 million tons of carbon dioxide emissions. ADNOC is focusing on integrating AI further to future-proof its business and maximize value from its assets. The company utilized tools developed by AIQ, a joint venture with Abu Dhabi-based company G42, to optimize processes and drive automation.
View Source
Grapevine: Haldiram's, Temasek, Peak XV, Sealink, Blackrock, Lendingkart in news
VCCircle
·
9m ago
Medial
Private equity firms such as Bain Capital, Blackstone, KKR, SeaLink Capital, Singapore's Temasek, venture capital firm Peak XV Partners, and asset manager BlackRock were featured in multiple news reports. The promoters of Haldiram Snacks Food Pvt. Ltd are looking to sell only a portion of their stake. Other companies such as Premium Credit and Lendingkart also made headlines.
View Source
Abu Dhabi AI company Presight takes majority stake in tech venture AIQ
VCCircle
·
1y ago
Medial
Presight AI Holding has acquired a majority stake in AIQ, a joint venture between Abu Dhabi National Oil Company (ADNOC) and G42. Presight now holds a 51% stake in AIQ, while ADNOC retains a 49% share, valuing the company at $1.4 billion. AIQ utilizes AI and machine learning to improve processes and profitability in the oil and gas industry. ADNOC's CEO, Sultan Al Jaber, will take over as AIQ chairman. There were discussions last year about a potential IPO for AIQ.
View Source
Abu Dhabi's IHC arm offers to acquire Vedanta Resources' Zambian copper business
VCCircle
·
1y ago
Medial
Abu Dhabi's International Resources Holding (IRH) has made an offer of over $1bn to acquire a 51% stake in Vedanta Resources' Zambian copper assets. IRH aims to expand its copper mining business in Africa and is already planning to bid for a stake in Lubambe Copper Mine. The offer is non-binding and talks are ongoing, with Vedanta potentially reluctant to give up a majority interest. UAE and Saudi Arabia aim to secure metal supplies from Africa to participate in the green energy transition.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
