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EIG-Led Consortium Closes $12.4 Bln Aramco Pipelines Deal

June 20, 2021
Megha Mayuri
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EIG Led Consortium Closes $124 Bln Aramco Pipelines Deal
U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer.

U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco’s (2222.SE) pipelines business for $12.4 billion.

EIG said the co-investment process for the deal attracted a global group of investors from China, Saudi Arabia, Korea, the United Arab Emirates and the United States.

It included Abu Dhabi’s Mubadala Investment Company, Silk Road Fund, Hassana and Samsung Asset Management, the company said.

News Source: Reuters
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Megha Mayuri

Content Writer with over 2+ years of experience in crafting unique, clear, and compelling content for SAAS products across multiple domains and industries. She has experience in blogging, and social media content creation. Moreover, she is well-versed with B2B and B2C content creation. She currently lives in Bangalore.