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Illustration: Aïda Amer/Axios

Global Infrastructure Partners and Brookfield Asset Management are in advanced talks to acquire a 49% stake in Abu Dhabi National Oil Co.’s natural gas pipelines for $15 billion (including debt), per multiple reports.

Why it matters: Neither the pandemic nor energy price volatility has slowed global infrastructure investing.

  • Other investors would include Ontario Teachers’ Pension Plan, GIC, Snam, and NH Investment & Securities.

The bottom line:

"Abu Dhabi has been opening up the operations of its state-owned oil producer to foreign partners as part of a push to diversify its economy and generate additional sources of funding. Adnoc has already sold shares in its distribution unit and brought in international investors to its refining and oil field services business. KKR and BlackRock agreed last year to invest $4 billion in Adnoc’s oil pipeline network. GIC bought a stake in the business later."
Bloomberg

Go deeper: How coronavirus will alter natural gas markets

Go deeper

Dan Primack, author of Pro Rata
Sep 10, 2020 - Economy & Business

Mall owners Simon and Brookfield to acquire JCPenney out of bankruptcy

Illustration: Aïda Amer/Axios

Simon Property Group (NYSE: SPG) and Brookfield Property Partners (Nasdaq: BPY) have tentatively agreed to acquire most of the retail operations of JCPenney, as part of a deal that will help the bankrupt retailer avoid liquidation.

Why it matters: The deal could save upwards of 70,000 jobs.

22 mins ago - Health

Health care in the New Washington

Illustration: Sarah Grillo/Axios

As America emerges from the pandemic, here's a special Axios AM Deep Dive on the Biden administration's health care agenda.

38 mins ago - World

Palestinian Authority announces new COVID restrictions as cases surge

A nurse administers the COVID-19 vaccine to a Palestinian in the occupied West Bank city of Hebron. Photo: Hazem Bader/AFP via Getty Images

The Palestinian Authority on Saturday announced fresh coronavirus restrictions, including a partial lockdown, for the occupied West Bank as COVID-19 cases surge.

The big picture: The new measures come as Israel, which leads the world in vaccinations, faces increased pressure to ensure Palestinians in the occupied West Bank and Gaza Strip have equal access to vaccines.