Aramco closes $12.4bn pipelines deal with EIG-led consortium
- Date: 19-Jun-2021
- Source: The National
- Sector:Economy
- Country:Saudi Arabia
Aramco closes $12.4bn pipelines deal with EIG-led consortium
Saudi Aramco, the world's third-most valuable company and largest exporter of crude, closed a $12.4 billion deal with a global consortium, led by Washington-based institutional investor EIG Global Energy Partners, for a 49 per cent stake of its oil pipelines business.
The deal, Aramco's largest since its 2019 listing on the Tadawul exchange, when it raised more than $29bn, attracted a group of global investors from North America, Asia and the Middle East, including Abu Dhabi's sovereign fund Mubadala, Aramco said in a statement.
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