Source: Reuters (via feed)
Macquarie has withdrawn from bidding for a stake in Kuwait’s oil pipeline network worth up to $7 billion, according to two sources familiar with the matter. The decision makes Macquarie one of the first investors to pull out of a Gulf deal amid the Iran war. The sources provided this information on the condition of anonymity. No further details were disclosed regarding the withdrawal or potential future involvement.
BizTrendWire Insight:
Macquarie’s withdrawal from bidding is a noted event in the Gulf energy investment sector amid current regional developments.
Macquarie’s withdrawal from bidding is a noted event in the Gulf energy investment sector amid current regional developments.
